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A 3-year cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.  

The U.S Department of Education releases official cohort default rates once per year.  The FY2016 official 3-year cohort default rates were delivered to both domestic and foreign schools on September 23, 2019.  

The 3-year cohort default rates for the School of Visual Arts for the past three years are listed below. 

Category FY2016 FY2015 FY2014
Number in Default   32 34 52
Number in Repayment  755 817 874
SVA Default Rate   4.2% 4.1% 5.9%

National 3-Year Default Rate

10.1% 10.8% 11.3%

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