ERIC Number: ED415760
Record Type: Non-Journal
Publication Date: 1998
Reference Count: N/A
Draft Cohort Default Rate Review Guide, FY 1996.
Department of Education, Washington, DC. Default Management Div.
This guide provides information to help postsecondary schools and guaranty agencies (GAs) understand how a cohort default rate is calculated, review backup data, submit challenges to GAs and/or Direct Loan Servicing Centers (DLSC), and understand the response from the GA and/or DLSC. A cohort default rate includes Federal Family Education Loan (FFEL) Program loans and/or William D. Ford Federal Direct Loan Program loans made to student borrowers. The cohort default rate is based on those borrowers who entered repayment and defaulted on their loans during a statutorily mandated time period. Information is included on how a school's cohort default rate is calculated; the situation of a borrower who has more than one loan entering repayment during the fiscal year; and how student loan consolidation affects a school's cohort default rate. The section on backup data discusses which schools receive draft backup data, how backup data is produced, whether a school's draft data and official data will be the same, whether backup data is subject to the Privacy Act, and how to read a report on draft backup data. The guide includes a sample backup data report, an example of a challenge to the GA or DLSC, and contact lists for GAs, the DLSC, and The Department of Education. (SW)
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: Department of Education, Washington, DC. Default Management Div.
Identifiers - Laws, Policies, & Programs: Family Education Loan Program; Family Educational Rights and Privacy Act 1974; Federal Direct Student Loan Program; Privacy Act 1974