MASFAA 2015 Ted Malone Director of Financial Aid Purdue University Melissa Haberman Associate Dean, Student Financial Support Services Madison College

Analyze your Cohort Every year you get a file that has all the students in your Cohort, both defaulters and the ones in good status. It is tempting to just see the rate and go on if you are not in a bad spot. There is quite a bit you can learn from the data, and use that data to help your students stay out of hot water.

Cohort Default Cycle February 2015 – Draft FY 2012 Rate October 2015 – Official FY 2012 Rate February 2016 – Draft FY 2013 Rate October 2016 – Official FY 2013 Rate

Calculating a Cohort Default Rate Cohort default period – 3 year period Begins: Oct 1 of the fiscal year when the borrower enters repayment Ends: Sept 30 of the second fiscal year following the fiscal year in which the borrower entered repayment If a student defaults during the cohort default period it will impact your institutional cohort default rate.

Impact of Cohort Default Rate

Impact of Cohort Default Rate

Cohort Default Rate Guide

ED Tool to Import file It used to be more difficult Now there is an easy import tool Go to IFAP

Scroll Down IFAP Home Page

Path to the tool 2 1 3 http://ifap.ed.gov/DefaultManagement/guide/TemplatesSpreadshts.html

Open the file, and they have instructions

Import the shcdreop file

PII Hidden

Now What?

Now What

Now What

Codes, Codes, Codes

Codes, Codes, Codes

How many students are in default? Look at the bottom of your excel worksheet as you sort. Numerator = 539 Denominator = 3,543 15.2% Numerator = 534 Denominator = 3,543 15.0%

Thank You mahaberman@madisoncollege.edu temalone@perdue.edu