Posted Date: February 4, 2013

Author:  Katrina Turner, Director, Operations Performance Division, Federal Student Aid

Subject: POSTPONED - FY 2011 2-Year and FY 2010 3-Year Draft Cohort Default Rates Release Scheduled for February 2013 (Updated February 15, 2013)

Note: Federal Student Aid has postponed the release of the FY 2011 2-Year and FY 2010 3-Year Draft Cohort Default Rates to a later date. Please monitor the Information for Financial Aid Professionals (IFAP) Web site for a forthcoming communication that will announce the rescheduled release dates of the draft cohort default rates.

In February 2013, we plan to release draft cohort default rates to all eligible schools, guaranty agencies, and lenders. This year, we plan to release a 2-year and a 3-year draft cohort default rate as follows:

  • On February 19, 2013 we plan to release the FY 2011 2-year draft cohort default rates

  • On February 25, 2013 we plan to release the FY 2010 3-year draft cohort default rates

After we release the draft rates, we will post an Electronic Announcement on the Information for Financial Aid Professionals (IFAP) Web site.

All schools, both domestic and foreign, enrolled in the Electronic Cohort Default Rate (eCDR) Process will receive their FY 2011 2-year and FY 2010 3-year draft cohort default rates and accompanying documentation via their Student Aid Internet Gateway (SAIG) mailbox. Any school not enrolled in the eCDR process may download their cohort default rate and accompanying documentation from the National Student Loan Data System (NSLDS) via the NSLDS Professional Access Web site. The draft cohort default rate is found on the last page of the Loan Record Detail Report (LRDR).

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.

Guaranty agency rates will be provided electronically and lender rates will be available for download from the NSLDS.

Contact Information

If you have questions about the FY 2011 2-year or the FY 2010 3-year draft cohort default rates, contact us by e-mailing fsa.schools.default.management@ed.gov or by calling the Operations Performance Division Hotline at 202/377-4259.

   

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