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Challenging Your Cohort Default Rate

April 9, 2013

Your campus should now have its electronic cohort default rate (eCDR) which contains your draft CDR and a copy of the electronic Loan Record Detail Report (eLRDR) from the U.S. Department of Education.  This is your opportunity to review your draft CDR before it becomes official next September. Schools should review the LRDR carefully to ensure that the loan data used to calculate the rates is accurate.

Although there are no sanctions or benefits associated with a draft CDR, it is important to review the data used to calculate the rate for accuracy, because this data forms the basis of a school’s official CDR.  If your school believes the LRDR for the draft CDR contains incorrect data, you are encouraged to submit an incorrect data challenge.  If successful, NSLDS will be corrected and corrected data will be used when calculating your campus’ official CDR.

A school that fails to challenge the accuracy of its draft CDR data through an Incorrect Data Challenge (see Chapter 4.1 from the Cohort Default Rate Guide below) may not contest the accuracy of that same cohort data when it receives its official CDR.  If borrowers with incorrect data are not appealed, they will be included in your official CDR. For more assistance, download our tips on submitting an Incorrect Data Challenge.

Your appeal must be submitted no later than 45 calendar days of the sixth business day after the draft CDR release date.

Here is the U.S. Department of Education Cohort Default Rate Guide which was updated in September 2012. http://www.ifap.ed.gov/DefaultManagement/CDRGuideMaster.html

Dan Dreves, Northeast Regional Director, Nelnet Partner Solutions

Dan Dreves, Northeast Regional Director, Nelnet Partner Solutions

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