Publication Date: February 3, 2003
Author: General Manager: FSA Schools Channel
Summary: Deadline Information Based on Electronic Delivery of FY 01 Draft Cohort Default Rates
Posted on 02-03-2003
On the morning of Tuesday, 02/18/03, the FY 01 draft cohort default rate notification packages should be available at the Student Aid Internet Gateway (SAIG) destination point designated by domestic schools that enrolled in the Electronic Cohort Default Rate (eCDR) process. This electronic delivery process replaces the paper notification process for those schools that enrolled in the eCDR process. Each eCDR package will contain (1) a cover letter (message class SHDRLROP), (2) a reader-friendly loan record detail report (message class SHCDRROP), and (3) an extract-type loan record detail report (message class SHCDREOP).
Schools that had not enrolled in the eCDR process as of early January 2003 will receive a hard copy notification package that the U.S. Department of Education (Department) plans to mail on 2/18/03. The Department strongly encourages all domestic schools not already signed up for eCDR to complete the enrollment form available at www.fsawebenroll.ed.gov . All foreign and US Territory schools will continue to receive hard copy notification packages.
Important deadline information: eCDR schools should monitor IFAP during the week of 2/18/03 to verify the official transmittal date. Cohort default rate challenge timeframes begin on the sixth business day after that date. For instance, if package transmittal is announced on IFAP on 2/18/03, time periods for challenging the FY 01 draft cohort default rates under 34 C.F.R Part 668, Subpart M will start running on Wednesday, 2/26/03.
If a school believes that a technical problem that was caused by the Department resulted in the school not being able to access the eCDR package, the school must notify the Department no later than five business days after the transmission date announced on IFAP. For instance, if package transmittal is announced on IFAP on 2/18/03, eCDR schools will have until 5:00PM Eastern Standard Time on Tuesday, 2/25/03, to contact the Department regarding technical difficulties caused by the Department. Reports of technical difficulties caused by the Department must be made via e-mail and addressed to fsa.schools.default.management@ed.gov. For schools that submit a timely, valid report of technical difficulties that the Department confirms to be caused by the Department, the Department will resend the reports via either electronically or via overnight courier service. The school cohort default rate challenge period for such affected schools will begin upon receipt by the school of the re-sent notification package.