2010-2011 Orange Book Released-National Perkins Loan Default Rate Drops to 8.32%

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May 2, 2012 · by Wes · Spark Notes

The Department of Education posted the Federal Perkins Loan Program Status of Default as of June 30, 2011, known as the Orange Book.

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The national Perkins Loan default rate for the 2010-2011 award year is 8.32 percent, a decrease from 10.08 percent in the 2009-2010 award year and 10.04 percent in the 2008-2009 award year.

The Orange Book is a report that lists each school that participated in the Federal Perkins Loan (Perkins Loan) Program during the 2010-2011 Award Year and provides a cohort default rate for each school. This report is based on data submitted by schools in the Fiscal Operations Report for 2010-2011 and Application to Participate for 2012-2013 (FISAP).

The full 2010-2011 Orange Book is available online: http://www.ifap.ed.gov/perkinscdrguide/1011PerkinsCDR.html

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