Posted Date:September 8, 2014
|Author:||Katrina Turner, Director, Operations Performance Division, Federal Student Aid|
Subject: FY 2011 3-Year Official Cohort Default Rates Release Scheduled for September 22, 2014
On Monday, September 22, 2014, we plan to release Cohort Default Rates to all schools, both domestic and foreign, guaranty agencies, and lenders. All schools who are enrolled in the Electronic Cohort Default Rate (eCDR) process will receive their FY 2011 3-Year Cohort Default Rate and accompanying documentation via their Student Aid Internet Gateway (SAIG) mailbox. The official cohort default rate is found on the first page of a school’s official notification letter and the last page of the Loan Record Detail Report (LRDR).
Any school not enrolled in the eCDR process will need to download their cohort default rate and accompanying documentation from the National Student Loan Data System (NSLDS) via the NSLDS Professional Access Web site. We encourage any school not already signed up for the eCDR process to do so by completing the enrollment form on the SAIG Enrollment Web site.
After the release of the 2011 3-Year rates on September 22, 2014, the Department will publicly post the 2011 3-Year Cohort Default Rates to the Default Management Web site and the FSA Data Center.
Important Note: Some schools have a small number of borrowers entering repayment. At other schools, only a small portion of the student body takes out student loans. In such cases, the cohort default rate should be interpreted with caution.
If you have questions about the FY 2011 3-Year Cohort Default Rates, contact us by e-mailing email@example.com or by calling the Operations Performance Division Hotline at (202) 377-4259.