Federal Perkins Loan Program Status of Cohort Default as of June 30, 2003
(A) Borrowers Who Entered Repayment Status in 1998-99 Public 2 Year Public 4 Year Private 2 Year Private 4 Year Proprietary U.S. Total 12,532 179,881 2,586 156,560 17,933 369,492 (B) Borrowers From (A) in Default on June 30, 2000 2,158 14,696 354 12,498 3,012 32,718 (C) Cohort Default Rate 17.22 8.17 13.69 7.98 16.80 8.85 (D) Borrowers in Default More Than 240 Days 32,870 255,666 5,013 200,828 50,644 545,021 (E) Principal Outstanding on Loans in Default More Than 240 Days $31,999,144 411,475,649 7,738,103 372,557,281 66,820,052 $890,590,229
Federal Perkins Loan Program Status of Cohort Default as of June 30, 2003
(A) Borrowers Who Entered Repayment Status in 1998-99 Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Guam Virgin Islands Misc. Islands U.S. Total 3,878 131 2,571 2,352 33,563 6,465 4,562 861 2,382 8,925 6,458 871 2,221 18,907 10,228 7,948 4,890 5,211 3,911 3,384 4,906 17,468 13,381 8,651 3,146 8,477 2,213 3,718 364 3,237 6,516 2,358 34,126 6,940 2,698 17,814 4,117 7,820 24,706 4,426 4,467 4,033 2,704 5,977 10,268 3,165 3,231 6,267 7,833 3,381 10,323 1,020 0 22 0 369,492 (B) Borrowers From (A) in Default on June 30, 2000 462 40 326 291 2,338 615 390 89 159 822 777 102 259 1,806 678 663 504 612 442 268 446 1,238 1,329 661 393 755 213 283 35 247 528 288 2,894 687 161 1,589 488 632 2,034 640 583 419 165 582 1,080 158 254 687 474 523 530 74 0 5 0 32,718 (C) Cohort Default Rate 11.91 30.53 12.68 12.37 6.97 9.51 8.55 10.34 6.68 9.21 12.03 11.71 11.66 9.55 6.63 8.34 10.31 11.74 11.30 7.92 9.09 7.09 9.93 7.64 12.49 8.91 9.62 7.61 9.62 7.63 8.10 12.21 8.48 9.90 5.97 8.92 11.85 8.08 8.23 14.46 13.05 10.39 6.10 9.74 10.52 4.99 7.86 10.96 6.05 15.47 5.13 7.25 0.00 22.73 0.00 8.85 (D) Borrowers in Default More Than 240 Days 15,156 319 4,785 5,746 32,360 8,940 5,864 845 3,130 15,158 13,396 1,674 2,367 32,810 8,140 7,871 7,099 9,774 12,883 3,502 8,042 20,097 18,259 6,693 14,820 10,385 2,462 3,133 230 3,660 12,384 4,000 54,851 14,995 2,088 27,711 8,136 8,037 30,876 11,403 5,702 7,113 2,614 12,030 23,420 1,961 2,732 12,030 5,779 7,545 7,945 2,004 0 65 0 545,021 (E) Principal Outstanding on Loans in Default More Than 240 Days $18,922,099 474,254 8,123,401 8,529,079 63,686,605 14,865,157 10,572,336 1,314,059 7,137,114 25,719,920 18,455,980 3,329,205 3,648,262 55,058,219 15,520,642 12,294,021 13,317,766 14,614,314 17,673,281 6,473,191 14,169,212 34,585,998 28,599,652 14,832,980 14,389,113 17,509,098 3,701,681 4,734,614 453,113 6,452,032 19,334,856 6,937,480 88,841,346 24,552,704 3,465,801 43,075,245 14,357,009 15,328,836 45,854,979 9,573,404 9,845,888 11,653,412 3,655,199 18,586,088 41,912,333 5,416,671 4,415,264 19,449,327 12,185,315 11,814,188 17,631,367 3,485,652 0 61,467 0 $890,590,229