### Question
How does HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE define cohort default rate?


### Answer
Under *20 U.S.C. § 1085*, **cohort default rate** is defined as:

> the percentage of such current and former students who entered repayment on such loans (or on the portion of a loan made under section 1078–3 of this title that is used to repay any such loans) in any of the three most recent fiscal years, who default before the end of the second fiscal year following the year in which they entered repayment

#### Citation:
  - *20 U.S.C. § 1085*
  - Heading: **CHAPTER 28-HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE > SUBCHAPTER IV-STUDENT ASSISTANCE > Part B-Federal Family Education Loan Program**

