The Department of Education just released cohort default rates for the fiscal year ending 2001. Ithaca College's student default rate is extremely low at 1.3 percent. The national average is 5.4 percent. This demonstrates that the outreach of the Office of Financial Aid to student borrowers regarding their responsibilities for repayment is successful and that IC alumni are doing an excellent job in meeting their financial obligations for the federal loans that they utilized.
Contributed by Larry Chambers