Schools now have a report available to assist them in understanding the delinquency and default risks of their most recent borrowers – something that will be important as cohort default rates potentially rise.
In a July 23 Electronic Announcement, the Department of Education announced the availability of the nonpayment rates by institution report, available in the Federal Student Aid Data Center.
The report provides the percentage of Direct Loan borrowers who entered repayment since January 2020 and whose federal student loans were more than 90 days delinquent at the time of the data pull, which was in mid-May 2025.
The numerator is the number of borrowers with eligible loans at the school that were more than 90 days delinquent. The denominator is the total number of borrowers at the school whose loans entered repayment since January 2020 and were in a repayment, deferment, forbearance, delinquent, or defaulted loan status as of mid-May 2025.
An earlier Electronic Announcement issued in May encouraged schools to perform outreach to borrowers who ceased to be enrolled at their institution since January 1, 2020 and asked that schools remind these borrowers of their federal student loan obligations and options for managing their debt.
