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Latest From FSA: Two-Year and Three-Year Cohort Default Rates Released

October 3, 2013

The National Default Rate Briefings for FY 2011 2-Year cohort default rates and FY 2010 3-Year cohort default rates were released in a September 30th Electronic Announcement. To get more details, please read the original announcement.

Any school that received an official cohort default rate (CDR) may submit a loan servicing appeal, if it believes that its most recent official cohort default rate calculation includes one or more defaulted FFEL or Direct Loans that were improperly serviced for cohort default rate purposes. If you need to submit an appeal, please refer to last month’s article on loan servicing appeals.

Need assistance lowering your school’s CDR? Visit our Default Prevention page for a step-by-step guide to creating a plan, school success stories, tips and scripts for reaching out to delinquent borrowers, and more. You can also reach out to your Regional Director for help in developing a plan for your school.

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