A cohort default rate measures the percentage of certain federal student loan borrowers who enter repayment during a federal fiscal year and default within the applicable three-year reporting period.

Official Cohort Default Rate	Nicholls State University	National Average
FY2023	0.6%	0.4%
FY2022	0.0%	0.0%

For FY2023, Nicholls State University’s cohort default rate was 0.6%, compared to the national average of 0.4%.

For FY2022, Nicholls’ cohort default rate was equal to the national average.

Federal Student Loan Borrowing

The following percentages reflect enrolled students who borrowed federal student loans during each term.

2021–2022 Academic Year

Term	Percentage of Enrolled Students Who Borrowed
Fall 2021	63%
Spring 2022	62%
Summer 2022	19%

2022–2023 Academic Year

Term	Percentage of Enrolled Students Who Borrowed
Fall 2022	62%
Spring 2023	61%
Summer 2023	20%

Source: Ellucian Banner institutional records. These figures include federal student loans and exclude private education loans. Each percentage is calculated separately for the indicated term; the percentages should not be added together. The default and borrowing figures describe institutional outcomes and do not predict an individual student’s repayment outcome.

Federal Student Loan Repayment Options

Before repayment begins, develop a plan that puts you on track to pay back your loan on time and in full. Students can find information on repayment options here. 

Financial Aid Counselor Assistance

All students have access to a Nicholls financial aid counselor for questions.  A counselor can explain available financial aid, federal and private loan differences, and the option to decline or reduce borrowing.

To request assistance, email finaid@nicholls.edu or call 985-448-4048.

For current federal repayment and forgiveness information, visit StudentAid.gov or contact your federal loan servicer. For private loan terms and repayment options, contact your lender.