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Default Prevention: Preparing for the Official CDR Release?

August 23, 2013

As September 30, 2013 approaches, many campuses are anticipating the release of the official cohort default rate by the U.S. Department of Education. To help transition from two-year to three-year rates, schools will receive two cohort default rates, a two-year and a three-year, until September 2014, when only a three-year rate will be released.

Do you have questions on what you should do during the draft and official cohort default rate cycles? The Department offers the Cohort Default Rate Guide Quick Reference as a guide.

If you would like to get a head start on creating your own default prevention plan, Nelnet has a default prevention tab on our school portal. It provides campuses with excellent resources to help prevent default, various school tips and best practices, and a glossary of default prevention resources.

Federal Student Aid also has a resource page that provides information on delinquency and default prevention resources for schools.

If you haven’t downloaded it already, the Cohort Default Rate Guide is another great resource. This comprehensive reference document explains in detail how the Department of Education calculates a school’s cohort default rate and how a school can:   1) correct the data that is used to calculate the rates or 2) submit a challenge, appeal, or adjustment.

Dan Dreves, Northeast Regional Director, Nelnet Partner Solutions

Dan Dreves, Northeast Regional Director, Nelnet Partner Solutions

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