FISCAL YEAR 2013 OFFICIAL COHORT DEFAULT RATES EXPECTED LATE SEPTEMBER

If you are responsible for you schools’ Default Management efforts, ED will release FY 2013 Official Cohort Default Rates (CDR) to all eligible institutions on Monday September 26, 2016.

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 2013 CDR package from FSA’s Operations Performance Division in the forthcoming days. In the meantime, you can peep the Default Management Web site which contains resources for Financial Aid Professionals, Data Managers and Students here: http://ifap.ed.gov/DefaultManagement/DefaultManagement.html