EDsmartEDsmart is publishing an original analysis of Federal Student Aid's September 2026 data. Matching two FSA files, we found 1,799 colleges with a 0% official cohort default rate (the rate that can cost a school federal aid) even though at least 25% of their evaluated borrowers are more than 90 days behind. The official rate is 0% at 4,603 of 4,635 schools. Nonpayment is 36% where former students typically earn under $30,000 and 7% where they earn $75,000+.
We will only quote verified experts. Please meet at least one of these:
- Economist, professor, or researcher with published work on student loans, college costs, or accountability (Questions 1–3 and 5)
- Policy analyst or fellow at a research or policy organization who has written on default rates or repayment (Questions 1–3)
- Former Education Department, Federal Student Aid, state higher-education agency, or accreditor staff who worked on accountability, default, or servicing (Questions 1–3)
- Financial aid director or associate director, or default-prevention staff, with 5+ years in financial aid (Questions 1, 3, and 4)
- Attorney with federal student loan experience, including legal aid and law school clinic faculty, or a Certified Student Loan Professional (CSLP) (Question 4)
Questions (answer the ones that match your expertise):
1. Why is the official default rate near 0% now, and what does that mean for college accountability?
2. Should the Education Department or Congress use the nonpayment rate, or change the default rate, until pandemic effects wash out?
3. What could happen to schools when post-pause default rates are published?
4. What should a borrower 90+ days behind do before the loan defaults?
5. Why would a school's typical earnings track so closely with nonpayment?
Required: full name, exact title, organization, your website and LinkedIn URLs, and any financial ties to lenders, servicers, or schools. Answer in 100–200 words per question, in your own words, responding to our findings, not general talking points. We verify every source before publishing. Quoted experts are credited with a link to their website and LinkedIn.
Not wanted: refinancing lenders, debt-relief or settlement companies, anyone who charges for forgiveness help, financial coaches or marketers, PR-written or AI-generated answers, generic budgeting tips, or anyone without a verifiable credential.