Part of our commitment to keeping you informed is calling your attention to changes in the industry. In case you missed it, the Department of Education (ED) publicly released the FY 2015 official cohort default rates (CDRs) on September 26, 2018. We have the details of the announcement you need to stay informed.
On September 24, 2018, ED distributed the FY 2015 official cohort default rate notification packages to all eligible domestic and foreign schools. All schools enrolled in the Electronic Cohort Default Rate (eCDR) Process received the rate and accompanying documentation via the Student Aid Internet Gateway (SAIG). Schools not enrolled in the eCDR process may download their cohort default rate and accompanying Loan Record Detail Reports from NSLDS. ED reminds all schools that the time period for appealing the FY 2015 official rates begins on Tuesday, October 2, 2018. The electronic announcement provides more information on the appeal process.
For additional details, please refer to the announcement from September 24, 2018: FY 2015 Official Cohort Default Rates Distributed September 24, 2018, or see the announcement of the rates from September 26, 2018: National Default Rate Briefings for FY 2015 Official Cohort Default Rates.