On September 28, 2015, Fiscal Year 2012 3-Year Official Cohort Default Rates were released to all schools via their Student Aid Internet Gateway (SAIG) mailbox. Any school that did not have a borrower in repayment, during the current cohort default rate period will not receive an Official Cohort Default Rate notification package. These schools are considered to have no cohort default rate data and no default rate. 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 Fiscal Year 2012 3-Year CDR is calculated by dividing the number of borrowers who entered repayment in 2012 by the number of borrowers who entered repayment in 2012 and defaulted in 2012, 2013 or 2014. A school with a high default rate may lose its eligibility to participate in Federal Student Aid Programs.
After the release of the 2012 3-Year Official rates on September 28th, the 2012 Official Cohort Default Rates will be posted publicly to the Default Management Web site and the FSA Data Center on Wednesday, September 30, 2015.
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