Posted Date:September 12, 2011
| Author: | Katrina Turner, Director, Operations Performance Division, Federal Student Aid |
Subject: FY 2009 Official Cohort Default Rates Distributed September 12, 2011
On Monday, September 12, 2011, the Department of Education (the Department) distributed the FY 2009 Official Cohort Default Rate (CDR) notification packages to all eligible domestic and foreign schools. In this announcement, we provide information about our distribution of the official rates and the begin dates for appealing the official rates.
Distribution of FY 2009 Official Cohort Default Rates
For both eligible domestic and foreign schools enrolled in the Electronic Cohort Default Rate (eCDR) process, we sent FY 2009 Official Cohort Default Rate and accompanying documentation via the Student Aid Internet Gateway (SAIG). This information was sent to the SAIG mailbox for the destination point designated by the school. Each eCDR package contained the following information:
Cover Letter (message class SHDRLROP)
Reader-Friendly Loan Record Detail Report (message class SHCDRROP),
- Extract-Type Loan Record Detail Report (message class SHCDREOP).
Note: We did not send eCDR notification packages to any school not enrolled in eCDR. These schools may download their cohort default rate and accompanying Loan Record Detail Reports from the National Student Loan Data System (NSLDS) via the NSLDS Professional Access Web site.
We also sent a Network Message (message class MESSAGTB) to each school's SAIG mailbox that provides instructions for downloading, viewing, and printing the eCDR files. If a technical problem caused by the Department results in an inability to access the data, schools have five business days from the receipt of the eCDR notification package to notify Operations Performance Division at the e-mail address given below.
Any school that did not have a borrower in repayment, during the current cohort default rate period or any of the past cohort default rate periods, will not receive a FY 2009 Official Cohort Default Rate notification package. These schools are considered to have no cohort default rate data and no cohort default rate.
Begin Dates for Appealing FY 2009 Official Cohort Default Rates
The time period for appealing the FY 2009 Official Cohort Default Rates under 34 C.F.R Part 668, Subpart M begins on Tuesday, September 20, 2011 for all schools.
For the FY 2009 Official period, all Uncorrected Data Adjustments (UDA), and New Data Adjustments (NDA) must be made through the eCDR Appeals application. All other adjustments/appeals will continue to be submitted via hard copy. As a reminder, eCDR Appeals is a web-based application that allows schools to electronically submit certain adjustments/appeals requests during the specified timeframes. The application allows data managers (guaranty agency or Federal Loan Servicer) and Federal Student Aid personnel to electronically view and respond to these adjustments/appeals. The application tracks the entire life cycle of each request from the time the case is submitted until the time a decision is made and the case is closed.
In order to complete an adjustment or appeal, you may need data manager’s contact information. Click on a link entitled, “Data Manager Information” from the home page of the Cohort Default Rate Guide at http://www.ifap.ed.gov/DefaultManagement/finalcdrg.html. If the Department revises a school’s cohort default rate based on its adjustment or appeal submission, the revised cohort default rate will be available on Operations Performance Division’s Web site at http://www.ifap.ed.gov/DefaultManagement/DefaultManagement.html.
Contact Information
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/DefaultManagement/finalcdrg.html.
You may also contact us by e-mailing fsa.schools.default.management@ed.gov or by calling the Operations Performance Division’s hotline at 202/377-4259.