Default Management

COHORT DEFAULT RATE – PARTICIPATION RATE INDEX APPEAL

There’s good reason for schools to keep their default rates low. Schools with low default rates enjoy special benefits such as the ability to disburse loans without delaying the disbursement date for 30 days for first time borrowers and the ability to make single loan…

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COHORT DEFAULT RATES RELEASED

On September 28, 2020, the Official Cohort Default Rates were released for the 2017 Fiscal Year.  Since 2013, the National Student Loan Cohort Default Rate has been trending down, despite a small uptick last year. The official 2017 rate is now 9.7%, down 4% from…

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FISCAL YEAR 2017 OFFICIAL COHORT DEFAULT RATES COMING LATE-SEPTEMBER

ED will release FY 2017 Official Cohort Default Rates (CDR) to all eligible institutions in mid-September. Schools will receive their CDR electronically via their SAIG mailbox. The Cohort Rates are an important metric used to determine school or program quality. Schools with 3-year CDRs of…

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FY 2017 COHORT DEFAULT RATE DEADLINE MODIFICATION

As a result of the ongoing national emergency, Federal Student Aid announced that the deadline for institutions to submit an appeal to their FY 2017 Draft Cohort Default Rates has been extended until June 30, 2020, pending publication of notice in the Federal Register.

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FY 2017 3-YEAR DRAFT COHORT DEFAULT RATES RELEASED

On February 24, 2020, the Department of Education distributed the FY 2017 3-Year Draft Cohort Default Rate (CDR) notification packages to schools via their Student Aid Internet Gateway (SAIG) mailbox. The package includes a cover letter and Loan Record Detail Report (LRDR). It’s important for…

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