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Default Prevention: Cohort Default Rate Guide

May 9, 2014

cdr guideDefault rates are a topic of conversation on many campuses across the nation. September of 2014 will mark the first year official rates are determined using the 3-year default rate calculation.

Do you want more information on how default rates are calculated? Or perhaps you are interested in more information on reviewing your rates and your loan data?

The Department of Education produces a publication called the Cohort Default Rate Guide that covers these questions and many others. The guide is designed to assist schools with their Federal Family Education Loan (FFEL) Program and William D. Ford Federal Direct Loan (Direct Loan) Program cohort default rate data. This guide should be used as a reference tool in understanding cohort default rates and processes.

The Cohort Default Rate Guide contains general information on default rates, strategy responding to and dealing with your rate, as well as information on challenges, adjustments, and appeals. You can access the most recent version of the Cohort Default Rate Guide here: http://ifap.ed.gov/DefaultManagement/guide/attachments/CDRMasterFile.pdf.

To learn more, you can also view the recorded version of our Cohort Default Rate Overview and Challenge Process webinar: https://nelnet.webex.com/nelnet/lsr.php?RCID=56270a17c5c44a0c9e8ebd4a31aaea4a.

 

Dana Kelly, Trainer and Southern Regional Director, Nelnet Partner Solutions

Dana Kelly, Trainer and Southern Regional Director, Nelnet Partner Solutions

 

 

 

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