Official Cohort Default Rate

According to the Higher Education Act of 1965 (HEA), as amended, the Higher Education Reconciliation Act of 2005 (HERA), Pub.L.109-71, and the Department of Education’s (Department) regulations, Arizona Christian University is not subject to any sanctions based on Arizona Christian University’s FY 2020 CDR.

The national average cohort default rate for Fiscal Year 2020 is 0.0%.
The percentage of full-time, beginning undergraduate students who took out loans for school year 2020-2021 is 74%.

Arizona Christian University’s Three-Year Official Cohort Default Rate

Fiscal Year 2020 2019 2018
Default Rate 0.00 4.3 22.5
Number in Default 0 12 61
Number in Repayment 246 274 270


What is a cohort default rate?

For schools having 30 or more borrowers entering repayment in a fiscal year, the school’s cohort default rate is the percentage of a school’s borrowers who enter repayment on certain Federal Family Education Loans (FFELs) and/or William D. Ford Federal Direct Loans (Direct Loans) during that fiscal year and default (or meet the other specified condition) within the cohort default period. For schools with 29 or fewer borrowers entering repayment during a fiscal year, the cohort default rate is an “average rate” based on borrowers entering repayment over a three-year period.

What is a cohort default period?

The phrase “cohort default period” refers to the three-year period that begins on October 1st of the fiscal year when the borrower enters repayment and ends on September 30th of the second fiscal year following the fiscal year in which the borrower entered repayment. This is the period during which a borrower’s default affects the school’s cohort default rate.

How is the cohort default rate calculated?

The formula the Department uses for calculating a school’s cohort default rate depends on the number of borrowers from that school entering repayment in a particular cohort fiscal year and the number of cohort default rates previously calculated for the school. Note that cohort default rates are based on the number of borrowers who enter repayment, not the number of loans that enter repayment. A borrower with multiple loans from the same school whose loans enter repayment during the same cohort fiscal year will be included in the formula only once for that cohort fiscal year.

Disclosure of Student Cohort Default Rate

In compliance with Federal Requirements and the Department of Defense, If Arizona Christian University’s Cohort Default (CDR) exceeds the national average CDR, Arizona Christian University will disclose this information and provide our students with the loan repayment data.  The Cohort Default Rate is updated on a yearly basis.

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