Student Loans at KC:
You must repay a student loan even if your financial circumstances become difficult. Loans can’t be canceled because you didn’t get the education or job you expected, and they can’t be canceled because you didn’t complete your education.
NOTE: Kilgore College does not participate in Parent Plus Loans or Alternative Private Student Loans due to our default rate.
Fall 2020 Student Loan Deadline: Nov. 20, 2020
Cohort Default Rate:
What is a cohort default rate? A cohort default rate (CDR) is the percentage of a school’s borrowers who enter repayment on federal student loans during a fiscal year and default within the cohort default period. Default occurs when a student is in repayment, but fails to make their payment for 270 days or more.
The Department of Education calculates the school’s cohort default rate by dividing the number of borrowers from the school entering repayment in a cohort year and default within a 3 year period divided by the number of borrowers from the school entering repayment in the cohort year.
Cohort 2015-2016 (FY 2016) Calculation: 18.4%