Cal Poly Student Borrowers Continue To Be Good Loan Risks 1 of 1 file:///X:/Copyright/Submissions/_PressReleases%20&%20Cal%20Pol... Skip to Content Cal Poly News Search Cal Poly News Go California Polytechnic State University Sept. 25, 2003 Contact: John Anderson Financial Aid (805) 756-5893 Cal Poly Student Borrowers Continue To Be Good Loan Risks SAN LUIS OBISPO -- According to recently published U.S. Department of Education statistics, Cal Poly students who help finance their education through federal loans are among those most likely to repay those debts after graduation. The National Student Loan 2001 Cohort Default Rate figures list Cal Poly once again at the top. This year, with a 1 percent default rate, Cal Poly has the lowest rate in both the California State University and the UC systems, with the exception of UC San Francisco's medical school. Cal Poly's rate last year was 1.5 percent. The national average default rate for 2001 was 5.4 percent. The Cohort Default Rate is published annually and is computed by dividing the number of students whose federal student bank loans went into default by the number that went into repayment that year. In 2001, only 29 former Cal Poly students' loans entered default while 2,720 went into repayment. For more information, call Cal Poly Student Financial Aid Director John Anderson at756-5893. - 30 - CP Home • CP Find It Get Adobe Reader • Microsoft Viewers Events • Recent Releases • Cal Poly Magazine • Cal Poly Update E-newsletter • Contact Public Affairs • Alumni • Giving • Athletics Cal Poly Public Affairs California Polytechnic State University San Luis Obispo, CA 93407 805.756.7266 polynews@calpoly.edu 9/25/2009 9:59 AM