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A cohort default rate (CDR) is an accountability metric for US colleges that are eligible for federal Pell Grants and student loans.It measures the percentage of a school's borrowers who enter repayment on federal student loans during a federal fiscal year (October 1 to September 30) and default in the next three years. [1]
Baccalaureate Colleges: Arts & Sciences Focus 127 1850 [7] Antioch University: Yellow Springs: Private not-for profit Baccalaureate Colleges: Arts & Sciences Focus (Antioch University Online); Special Focus Four-Year: Business & Management Schools (PhD Program in Leadership and Change) 443 1988 Art Academy of Cincinnati: Cincinnati: Private not ...
The three-year repayment rate for each school that receives Title IV funding is available at DOE's College Scorecard. [96] This number may be a poor indicator of the overall default rate: some schools place loans into forbearance, deferring loans beyond the three-year window to present a low default rate. [97] [98]
Schools that fail to improve would have their Title IV funding revoked. Strengthen enforcement of for-profit colleges’ “manipulation of cohort default rates.”
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For-profit institutions had the highest average three-year default rates at 22.7 percent, and public institutions rates were 11 percent and private non-profit institutions at 7.5 percent. More than 3.6 million borrowers from over 5,900 schools entered repayment during 2008–2009, and approximately 489,000 of them defaulted.
The weighted average of CCi's institutions was 19.0%, a 9.0 percentage point decrease from the 28.0% weighted average for the three-year cohort default rate for students who entered repayment during the prior fiscal year. [52] For the 2010 Cohort, none of CCi's institutions exceeded the default threshold set by the U.S. Department of Education ...
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