Publication Date: September 12, 2005
Author: G. Kay Jacks, General Manager, FSA Application, School Eligibility and Delivery Services
Summary: FY 2003 Official Cohort Default Rates Distributed September 12, 2005
Posted on 09-12-2005
On the morning of Monday, September 12, 2005, the Department distributed the FY 2003 official cohort default rate notification packages.
For domestic schools enrolled in the Electronic Cohort Default Rate (eCDR) process, delivery was made to the Student Aid Internet Gateway (SAIG) destination point designated by the school. Each eCDR package contained (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).
Domestic schools not enrolled in eCDR will not receive notification packages from the Department but may download their cohort default rates and accompanying Loan Record Detail Reports at https://www.nsldsfap.ed.gov. Department strongly encourages schools not already signed up for eCDR to complete the enrollment form available at http://www.fsawebenroll.ed.gov. All domestic schools were required to sign up for eCDR by June 1, 2003.
All foreign schools will continue to receive hard copy notification packages.
Any school that did not have a borrower in repayment, during the current nor any of the past cohort default rate periods, will not receive a FY 2003 official cohort default rate notification package. These schools are considered to have no cohort default rate data and no cohort default rate.
Time periods for submitting adjustments and appeals for the FY 2003 official cohort default rates under 34 C.F.R Part 668, Subpart M begins on Tuesday, September 20, 2005 for domestic schools. For foreign schools, the time period begins on the date that the hard copy notification package is received. For your adjustment or appeal, you may need data managers contact information. Click on a new link entitled, "Numerical Data Managers" from the home page of the Cohort Default Rate Guide at http://ifap.ed.gov/drmaterials/finalcdrg.html where you will find a list of the data managers identified by a three-digit code found on a school's loan record detail report. When you click on the code or state (if no code exists), you will be directed to the data manager list that contains the name, address, telephone numbers, e-mail and website information for a particular data manager. If the Department revises a school's cohort default rate based on its adjustment or appeal submission, the revised cohort default rate will available on Default Prevention & Management's website at http://www.ifap.ed.gov/DefaultManagement/DefaultManagement.html.
For additional information regarding the school cohort default rate calculation or the adjustment/appeal processes, please refer to the Cohort Default Rate Guide at http://www.ifap.ed.gov/drmaterials/finalcdrg.html. Default Prevention and Management's main office can also be reached via email at fsa.schools.default.management@ed.gov or via phone at (202) 377-4259.