| Publication Date: February 13, 2006 Author: G. Kay Jacks, General Manager, FSA Application, School Eligibility and Delivery Services Summary: FY 2004 Draft Cohort Default Rates Distributed February 13, 2006 Posted on 02-13-2006 On the morning of Monday, February 13, 2006, the Department distributed the FY 2004 Draft 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). Time periods for challenging the FY 2004 Draft Cohort Default Rates under 34 C.F.R Part 668, Subpart M begins on Wednesday, February 22, 2006 for domestic schools. For foreign schools that were mailed a hard copy notification package, the time period begins on the date that the package is received. For additional information regarding the school cohort default rate calculation or the challenge processes, please refer to the Cohort Default Rate Guide or the new CDR Guide Quick Reference at http://www.ifap.ed.gov/DefaultManagement/DefaultManagement.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. The Department strongly encourages schools not already signed up for eCDR to complete the enrollment form available at https://www.fsawebenroll.ed.gov. All domestic schools were required to sign up for eCDR by June 1, 2003. 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 www.nsldsfap.ed.gov. All foreign schools will continue to receive hard copy notification packages. |