ERIC Number: ED437881
Record Type: Non-Journal
Publication Date: 2000-Jan
Reference Count: N/A
Draft Cohort Default Rate Guide for FFEL Program and Direct Loan Program Loans, FY 1998.
Department of Education, Washington, DC. Default Management Div.
This publication is intended to help postsecondary schools understand draft cohort default rate data. It explains how the Department of Education calculates cohort default rates, the effect of cohort default rates, and how to read cohort default rate loan record detail reports. Also, it reviews electronic reports available from the Department of Education; explains how to submit draft data challenges and participation rate index challenges; defines the responsibilities of guaranty agencies; and helps schools understand replies received in response to their draft data challenges. Following an introduction, sections of the report cover general information (cohort default rates, effects of cohort default rates, loan record detail reports); management tools (electronic loan record detail reports and student repayment history reports); information on challenges (general information on challenges, draft data challenges, participation rate index challenge); and information for guaranty agencies on challenges (general information, participation rate challenge, monthly status reports, draft data challenge response). Appended are guarantor/servicer contract arranged numerically and alphabetically and a request for user comments on the guide. (CH)
Descriptors: Educational Finance, Federal Programs, Financial Aid Applicants, Higher Education, Loan Default, Student Financial Aid, Student Loan Programs
For full text: http://www.ifap.ed.gov.
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; Federal Direct Student Loan Program