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EITC Default Rates

2 Year 2010 2009 2008
12.3% 4.1% 6.2%

NOTE: A 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, October 1 to September 30, and default or meet other specified conditions prior to the end of the next fiscal year.

SOURCE: Official Cohort Default Rates Web Site

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