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Pam’s Link Alerts: Draft Cohort Default Rates Release Dates

February 16, 2012

The U.S. Department of Education (USDE) issued an announcement on Monday, February 13, regarding the release dates of Draft Cohort Default Rates.

USDE plans to release Draft Cohort Default Rates to all eligible schools, guaranty agencies, and lenders in the next several weeks. The 2-year and 3-year draft cohort default rates will be released as follows:

  • On Feb. 27, 2012, the FY 2010 2-Year Draft Cohort Default Rates will be released.
  • On March 5, 2012, the FY 2009 3-Year Draft Cohort Default Rates will be released.

An Electronic Announcement will be posted on the Information for Financial Aid Professionals (IFAP) website when the draft rates are released.

All schools, both domestic and foreign, enrolled in the Electronic Cohort Default Rate (eCDR) process will receive their FY 2010 2-Year and FY 2009 3-Year Draft Cohort Default Rates and accompanying documentation via their Student Aid Internet Gateway (SAIG) mailbox. Any school not enrolled in the eCDR process may download their cohort default rate and accompanying documentation from the National Student Loan Data System (NSLDS) via the NSLDS Professional Access Web site. The draft cohort default rate is found on the last page of the Loan Record Detail Report (LRDR).

Any school not already signed up for the eCDR process is encouraged to do so by completing the enrollment form on the SAIG Enrollment website.

Guaranty agency rates will be provided via postal service and lender rates will be available for download from NSLDS.

If you have questions about the FY 2010 2-Year or the FY 2009 3-Year Draft Cohort Default Rates, contact USDE by emailing fsa.schools.default.management@ed.gov or by calling the Operations Performance Division Hotline at 202-377-4259.

Pam King, Partner Solutions Strategy Director and Regional Director for Missouri

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