For those involved with your school’s Default Management efforts, ED will release FY 2014 Official Cohort Default Rates (CDR) to all eligible institutions on September 25, 2017. All schools will receive their CDR electronically via their SAIG mailbox.
As I’ve mentioned in the past, schools with 3-year CDRs of 30% or greater for three consecutive years or with CDRs greater than 40% for one year may face federal sanctions. Institutions may challenge, appeal, or have their rate adjusted in certain circumstances. Be on the lookout for more information such as an Electronic Announcement announcing the official release dates of the 2014 CDR package from FSA’s Operations Performance Division in the forthcoming days. In the meantime, check out the Default Management Web site which contains resources for Financial Aid Professionals, Data Managers and Students here.