Default Rates and School Eligibility

Schools subject to loss of FFEL/FDSLP/Pell eligibility, 3 years of rates >=25.0%
A school subject to loss of eligibility to participate in the Federal Family Education Loan (FFEL) Program, William D. Ford Federal Direct Loan (Direct Loan) Program, and/or Federal Pell Grant Program has FY 2008, FY 2007, and FY 2006 official cohort default rates that are 25.0% or greater. If a school fails to successfully appeal this sanction, it will lose eligibility to participate in the FFEL, Direct Loan, and/or Federal Pell Grant Program until September 30, 2012. For more information on this sanction and specific exceptions, please refer to the Cohort Default Rate Guide.

Schools subject to loss of FFEL/FDSLP eligibility, most recent year>40.0%
A school is subject to loss of eligibility to participate in the Federal Family Education Loan (FFEL) Program and/or William D. Ford Federal Direct Loan (Direct Loan) Program if the school’s FY 2008 official cohort default rate is greater than 40.0%. If a school fails to successfully appeal this sanction, it will lose eligibility to participate in the FFEL and/or Direct Loan Program until September 30, 2012. For more information on this sanction and specific exceptions, please refer to the Cohort Default Rate Guide.

A school does not automatically appear on the loss of eligibility list based on the rates shown in this record because some schools are exempt from sanctions. A school may be simultaneously subject to the sanction based on three years and the sanction based on a single year of higher rates. During the official cohort default rate process, schools are provided the opportunity to adjust/appeal their cohort default rate(s) with the Department. The rates contained at this website do not reflect the outcome of the official cohort default rate adjustment/appeal processes. Please contact the Department’s Default Prevention and Management Division to obtain information on a school’s rate and/or eligibility status that may have changed as a result of an official cohort default rate adjustment/appeal.

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About defaultprevention

Default Prevention Specialist since 1998.
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