Publication Date: April 16, 2004
Award Year: 2002-2003
Publication : Perkins Cohort Default Rate Booklet
Notifications Subject: Federal Perkins Loan Program Status of Default as of
June 30, 2003 (the Orange Book)
Posted on 04-16-2004
To: All Perkins Loan Schools
From: Richard Coppage, Director, Campus-Based Operations Branch
Re: Federal Perkins Loan
Program Status of Default as of June 30, 2003 (the Orange Book)
The Federal Perkins Loan
Program Status of Default as of June 30, 2003, otherwise known as the Orange
Book, contains data that was taken from information submitted by institutions
on the 2002-2003 Fiscal Operations Report and 2004-2005 Application to Participate
(FISAP). This report provides a listing of institutions participating in the
Federal Perkins Loan Program during the 2002-2003 award year that ended on June
30, 2003, 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 2001-2002
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, 2003
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
For institutions that had
less than 30 borrowers enter repayment during the 2001-2002 award year, Columns
A and B report the aggregate number of borrowers for the three most recent award
years. These numbers are used to calculate the default rate reported in Column
C.
Columns D and E also include
borrowers who are in default 270 days or more for loans repayable in quarterly
installments.
For questions concerning
this notification, please contact the Campus-Based Call Center at (877) 801-7168.
Attachments/Enclosures:
Federal
Perkins Loan Program Status of Default as of June 30, 2003 (the Orange Book)
in PDF Format, Size 829KB, 255 pages
