Publication Date: October 2005

Award Year: 2003-2004

Publication : Perkins Cohort Default Rate Booklet

Notifications Subject: Federal Perkins Loan Program Status of Default as of June 30, 2004 (Orange Book)

Posted on 10-20-2005

The Federal Perkins Loan Program Status of Default as of June 30, 2004, known as the Orange Book, is a report that lists each school that participated in the Federal Perkins Loan (Perkins Loan) Program during the 2003-2004 Award Year and provides a cohort default rate for each school. This report is based on data submitted by schools in the Fiscal Operations Report for 2003-2004 and Application to Participate for 2005-2006 (FISAP).

The attached report is organized alphabetically by state or territory. Schools are listed alphabetically within the state or territory in which they are located. The following information is provided for each school:

Column A, Number of Borrowers Who Entered Repayment Status in 2002-2003
(Source: FISAP, Part III, Section D, Field 1.1 or Section E, Field 2.3)

Column B, Borrowers from Column A in Default on June 30, 2004
(Source: FISAP, Part III, Section D, Field 1.2 or Section E, Field 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 Fields 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 Fields 5.2, 5.3, and 5.4, Column D)

Notes:

1) For schools that had less than 30 borrowers enter repayment during the 2002-2003 Award Year, Columns A and B reflect the aggregate number of borrowers for the three most recent award years. These numbers are used to calculate the cohort default rate reported in Column C.

2) Columns D and E include borrowers and amounts in default 270 days or more for loans repayable in quarterly installments.

3) State summary information is provided at the end of the listing for each state. National summary information is provided at the end of the report.

Please direct questions about this report to the Campus-Based Call Center either by calling 877/801-7168 or, by e-mail at CBFOB@ed.gov. Customer service representatives are available Monday through Friday from 8:00 A.M. until 8:00 P.M. (ET).

Attachments/Enclosures:

Federal Perkins Loan Program Status of Default as of June 30, 2004 in PDF Format, 659KB, 230 pages