Publication Date: April 3, 2001
Award Year: 1999-2000
Publication : Perkins Cohort Default Rate Booklet
Part:
Notifications Subject: Federal Perkins Loan Program Status of Default As of June 30, 2000 (the Orange Book)
Posted on April 3, 2001
To: All EdExpress Users
From: Lois Moore, Acting Director, Campus-Based Operations
RE: Federal Perkins Loan Program Status of Default As of June 30, 2000 (the Orange Book)
The Federal Perkins Loan Program Status of Default as of June 30, 2000, otherwise known as the Orange Book, contains data that was taken from information submitted by institutions on the 1999-2000 Fiscal Operations Report and 2001-2002 Application to Participate (FISAP). This report provides a listing of institutions participating in the Perkins Loan Program during the award year that ended on June 30, 2000, including a cohort default rate for each institution. It also provides state figures at the end of each state listing and National figures at the end of the report.
This listing includes the following data:
Column A, Number of Borrowers Who Entered Repayment Status in 1998-1999
Source: FISAP, Part III, Section D, Line 1.1 or Section E, Line 2.3
Column B, Borrowers from Column A in Default on June 30, 2000
Source: FISAP, Part III, Section D, Line 1.2 or Section E, Line 2.4
Column C, Cohort Default Rate
Source: Column B Divided by Column A
Column D, Total Number of Borrowers in Default 240 Days or More
Source: FISAP, Part III, Section C, sum of Lines 5.2, 5.3, and 5.4, Column B
Column E, Total Principal Amount Outstanding on Loans in Default 240 Days or More
Source: FISAP, Part III, Section C, sum of Lines 5.2, 5.3, and 5.4, Column D
A "cohort" is computed using only the number of borrowers who entered
repayment status in the 1998-1999 reporting period, except for schools that
have a cohort of less than 30 borrowers. For those schools, the cohort is an
aggregate of the total number from three reporting years: 1996-1997, 1997-1998,
and 1998-1999.
For questions concerning this notification contact:
Judy Norris, Campus-Based Operations, (202) 708-9757
Attachments/Enclosures:
Federal Perkins Loan Program Default Status Report As of June 30, 2000 (the Orange Book) States of Alabama through Iowa.
Federal Perkins Loan Program Default Status Report As of June 30, 2000 (the Orange Book) States of Kansas Through North Carolina.
Federal Perkins Loan Program Default Status Report As of June 30, 2000 (the Orange Book) States of North Dakota Through US. Virgin Island.
