Federal student loans are borrowed funds that must be repaid with interest. Failure to repay a loan can result in default. A cohort default rate is the percentage of a school's borrowers who enter repayment during a particular federal fiscal year, October 1 to September 30 and default.
Lincoln College of New England’s official cohort default rate, (released September 26, 2016) is 10.5%. The national average cohort default rate is 11.3%.