Posted Date:February 12, 2016
|Author:||Sue O'Flaherty, Service Director, Program Management, Federal Student Aid|
Subject: COD Processing Update
On February 29, 2016, the U.S. Department of Education (the Department) plans to release FY 2013 3-year draft cohort default rates to all eligible schools.
After we release the draft rates, we will post an Electronic Announcement on the Information for Financial Aid Professionals (IFAP) Web site.
All schools, both domestic and foreign, enrolled in the Electronic Cohort Default Rate (eCDR) Process will receive their FY 2013 3-year draft cohort default rates and accompanying documentation via their Student Aid Internet Gateway (SAIG) mailbox. Any school not enrolled in the eCDR process may download their cohort default rate and accompanying documentation from the National Student Loan Data System (NSLDS) via the NSLDS Professional Access Web site. The draft cohort default rate is found on the last page of the Loan Record Detail Report (LRDR).
Note: 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.
Guaranty agency rates will be provided electronically and lender rates will be available for download from the NSLDS.
If you have questions about the FY 2013 3-year draft cohort default rates, contact us by e-mailing email@example.com or by calling the Operations Performance Division Hotline at 202/377-4259.