Bulletin ID
DLB - 99 - 24
| PublicationDate: 4/1/99 BulletinID: DLB - 99 - 24 April 1999 DLB 99-24 Subject: Correction to the FY 1997 Draft Cohort Default Rate Guide Dear Colleague: The chart on page 29 of the FY 1997 Draft Cohort Default Rate Guide incorrectly indicates that the IX claim reason code represents a Direct Loan, Defaulted Income Contingent Negative Amortization (with the Department). The IX code does not represent a defaulted income contingent repayment loan. The IX code represents a Direct Loan, under a normal repayment plan that has defaulted. Please correct the chart on page 29 to indicate: IX Direct Loan Default We apologize for this error. Please contact the Default Management Division at 202/708-9396 if you have any questions about your schools cohort default rate calculation. Thank you for your continued support of the Direct Loan Program. Sincerely, Margaret E. White Acting Chair Direct Loan Task Force |