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

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

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