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Student Debt Outcomes

Student Direct Loan Debt

Students attending the Arkansas Colleges of Health Education are eligible to borrow Direct Unsubsidized Loans and Direct PLUS Loans as a graduate/professional student from Title IV, HEA programs. See the below chart for the average debt students have borrowed in Direct Unsubsidized and Direct Graduate PLUS Loans for each program.

ProgramRecipientsTotal Gross AmountsAverage
*Doctor of Osteopathic Medicine419$51,753,013$123,516
**Master of Science in Biomedicine10$149,051$14,905
*Includes data for 2017-2018, 2018-2019 and 2019-2020 award years.
**Includes data for 2019-2020 award year.

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.

Cohort default rates are based on federal fiscal years. Federal fiscal years begin October 1st of a calendar year and end on September 30th of the following calendar year. Each federal fiscal year refers to the calendar year in which it ends. The phrase “cohort fiscal year” or “cohort year” refers to the fiscal year for which the cohort default rate is calculated. For example, when calculating the 2017 cohort default rate, the cohort fiscal year is FY 2017 (October 1, 2016 to September 30, 2017).

The Arkansas Colleges of Health Educations’ Cohort Default Rate History is listed below:

Fiscal YearRate TypeNumeratorDenominatorRateProcess Date
20173YR OfficialN/AN/AN/A08/08/2020
3YR DraftN/AN/AN/A01/25/2020
20163YR OfficialN/AN/AN/A08/08/2020
3YR DraftN/AN/AN/A01/26/2019
20153YR OfficialN/AN/AN/A08/18/2018
3YR DraftN/AN/AN/A01/27/2018
20143YR Official00008/05/2017

Why are cohort default rates important?

Defaulted federal student loans cost taxpayers money. Cohort default rate sanctions and benefits provide an incentive to schools to work with their borrowers to reduce default. Sanctions also can prevent a school with a high percentage of defaulters from continuing to participate in the William D. Ford Federal Direct Loan (Direct Loan) and Federal Pell Grant programs. As a result, cohort default rates help save taxpayers money.

Click here to access the Federal Student Aid’s Cohort Default Rate Guide.

Please contact the Office of Financial Aid at (479) 308-2200 or via email if you have any questions about student debt outcomes at the Arkansas Colleges of Health Education.