News

Draft 2015 Cohort Default Rates

On February 26, 2018,  the Department of Education announced that FY2015 DRAFT 3-year Cohort Default Rates are available for all eligible schools.  The 2015 cohort consists of borrowers who entered repayment on FFELP or FDLP Stafford loans during FY2015 (between 01Oct2014 and 30Sept2015).  Any of these borrowers who defaulted before 30Sept2017 will contribute their school’s 3-year CDR.

These draft rates are not published – they are only available to the school for review. Official CDRs will be published in September 2018.

Additional information on the release can be found in this announcement:

Department of Education Draft 2015 CDR Release

Retrieving your Rate

All schools enrolled in the Electronic Cohort Default Rate (eCDR) process will automatically receive their Cohort Default Rates and accompanying documentation via their Student Aid Internet Gateway (SAIG) mailbox. Your cohort default rate is found on the first page of the Cover Letter.

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.

Any school not enrolled in the eCDR process may view their Cohort Default Rates from the National Student Loan Data System (NSLDS) via the  NSLDS Professional Access Web site.  They may also manually request the accompanying documentation (aka Loan Record Detail Reports). Instructions for requesting and retrieving LRDRs can be found here.

Pantheon will also be requesting and retrieving data related to these CDRs for our clients as it becomes available.

Again: We strongly encourage any school not already signed up for the eCDR process to do so by completing the enrollment process on the SAIG Enrollment Web site.  If you are unsure of your enrollment status, click here.


CDR Guide

On November 22, 2011, the Department of Education released an updated version of the Cohort Default Rate Guide.   The new guide incorporates changes for the transition to the 3-year default period and includes information on electronic cohort default rate (eCDR) appeals.

Click the links below for the official announcement and PDF versions of the guide.

announcement:
http://ifap.ed.gov/eannouncements/112211CohortDefaultRateGuideUpdate.html

guide:
http://www.ifap.ed.gov/DefaultManagement/CDRGuideMaster.html