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Publication Date: April 1, 2003 Award Year: 2001-2002 Publication : Perkins Cohort Default Rate Booklet Part: Notifications Subject: Federal Perkins Loan Program Status of Default As of June 30, 2002 (the Orange Book) Posted on 04-01-2003
To: All EdExpress Users From: Richard Coppage, Acting Director, Campus-Based Operations RE: Federal Perkins Loan Program Status of Default As of June 30, 2002 (the Orange Book) The Federal Perkins Loan Program Status of Default as of June 30, 2002, otherwise known as the Orange Book, contains data that was taken from information submitted by institutions on the 2001-2002 Fiscal Operations Report and 2003-2004 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, 2002, 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 2000-2001 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, 2002 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 A "cohort" is computed using only the number of borrowers who entered repayment status in the 2000-2001 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: 1998-1999, 1999-2000, and 2000-2001. For questions concerning this notification contact: Campus-Based Call Center, (877) 801-7168 Attachments/Enclosures:
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