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