DYK – FY2014 DRAFT CDRs Released

The U.S. Department of Education (ED) distributed the FY 2014 3-Year Draft Cohort Default Rates last Monday, February 27, 2017.  Under regulations published October 28, 2009, a school’s Cohort Default Rate (CDR) is calculated as the percentage of borrowers in...

Since You Asked: Questions & Answers

Q1:  If our Program Participation Agreement (PPA) is set to expire, what happens if we have not received our new PPA from ED before the expiration date? A1:  When a school submits a materially complete Recertification application on time, the school’s PPA and...