Session 20 Hands-On: Using the Electronic Cohort Default Rate Appeals (eCDR Appeals) System for Appealing and Challenging Cohort Default Rates Donna Bellflower.

Slides:



Advertisements
Similar presentations
Default Prevention: A Proactive Approach to Managing your Cohort Default Rate.
Advertisements

Copyright 2010 National Student Loan Program Getting Ready for a Three Year Cohort Default Rate MASFAA Conference June 17, 2010.
1 3 year CDR-Managing, Understanding & Utilizing the Challenge & Appeal process ECMC Solutions Presented by Tommy Sims, Sr. Debt Management Program Advisor.
North Carolina Community College System January 27, 2011 Cohort Default Rate Overview John Pierson Delinquency and Default Prevention FSA/Direct Loan Servicing.
Cohort Default Rates 101. The cohort default rate, or CDR, is one measure of how well a school prepares its students for student loan repayment. Low CDRs.
Decoding CDR Reports and Correcting Data. Why Review Your CDR Data –High CDR could result in Adverse publicity Loss of Title IV eligibility Loss of access.
NASFAA 2003: Reconnecting With Students!. 2 eZ-Audit – Electronic Submissions of Financial Statements and Compliance Audits Session #105.
Transitioning to a 3-year Cohort Default Rate James Wingard, Assistant Vice President, Compliance Administrative Operations, TG Joe Braxton, Senior Default.
Forecasting Your School’s Default Rate: A Proactive Approach November 2009.
Session #54 Default Prevention 2008 Mark Walsh Angelita Dozier.
DEFAULT MANAGEMENT AND PREVENTION SARAH BAUDER ASST. VICE PRESIDENT FOR FINANCIAL AID AND ENROLLMENT SERVICES UNIVERSITY OF MARYLAND 11/6/2012.
Donna Bellflower and Franka Dennis | Dec U.S. Department of Education 2014 FSA Training Conference for Financial Aid Professionals Understanding.
Default Management Suggestions for Your Campus Materials developed and provided by College Foundation, Inc. (CFI)
Angela Henry Account Executive USA Funds. Default Prevention Needs Your Attention  Weak economy. Personal incomes not keeping pace with rising student.
Session #15 The StudentLoans.gov Experience Julie Aloisio Rosa Trejo U.S. Department of Education.
REDUCING COHORT DEFAULT RATES : SUCCESS STRATEGIES FOR YOUR CAMPUS NELNET - NASSAU COMMUNITY COLLEGE - MONROE COLLEGE NYSFAAA Conference October 2013.
Building Bridges for a Better Tomorrow MASFAA 2005 Late Stage Delinquency Assistance: A Bridge Over Troubled Water Mark Walsh Amy Kerwin FSA Default Prevention.
The ABC’s of Defending (and Lowering) your Cohort Default Rate Stephen T. Chema, Ritzert & Leyton, PC Charles P. Elliott, CPA,CFE, CFF Peter Leyton, Ritzert.
Session #3 NSLDS Toolkit for Reports & Data Eric Hardy & Larry Parker U.S. Department of Education.
GHEAC Mardi Gras: Parade of Service 2003 GHEAC Annual Conference March 4 - 5, 2003 Default Appeals Process Marcia Coleman, Default Prevention Coordinator.
Session #16 Five Steps to Effective Cohort Default Rates Management Frances Robinson Nichelle Alston Donna Bellflower U.S. Department of Education.
Cohort Default Rates 101. Cohort Default Rate Definition The Cohort Default Rate (CDR) is a percentage of the number of the borrowers that enter repayment.
Session 13-1 Session 13 DEFAULT PREVENTION. Session 13-2 PRESENTERS n LARRY B. EADIE n U.S. DEPARTMENT OF EDUCATION n SYED RIZVI n USA FUNDS n BEN LEBORYS.
Nichelle Alston Jones and Donna Bellflower | Nov U.S. Department of Education 2012 Fall Conference 3-Year Cohort Default Rates: Here and Beyond Session.
Session #23 Hands On NSLDS for Beginners Valerie Sherrer & Andrea Wise.
Bridget-Anne Hampden U.S. Department of Education Guaranty Agency Security Reviews.
NSLDS Update Andrea Wise Ron Bennett Session 10 1 Today’s Topics  NSLDS Communication  Access Management  Perkins Reporting  Transfer Student Monitoring.
1 Reducing Delinquency and Default Prevention Mark C. Walsh Default Prevention Team U.S. Department of Education Federal Student Aid.
Session FF-12 COD Basics Wood Mason U.S. Department of Education.
1 Session 13 Default Prevention A Plan for Student and School Success Craig Rorie Rosemary Foltis.
Cohort Default Rates: Tackling Your Institutions Default Rate Head On Andrew Harvey, Garrett College.
Appealing Your Cohort Default Rate Sarah Soper Indiana University East.
Anita Olivencia | Dec U.S. Department of Education 2013 FSA Training Conference for Financial Aid Professionals Foreign Schools Update on FSA Systems.
Anatomy of a Cohort Default Rate. a·nat·o·my ə ˈ nat ə mē/ noun noun: anatomy; noun: anat. The branch of science concerned with the bodily structure of.
MASFAA 2013 October 6 th – 9 th, 2013 Indianapolis, Indiana D EMOGRAPHIC REALITIES: How to Review Your CDR to Determine At-Risk Students and Focus Efforts.
Welcome to Your First FSA Conference! Trevor Summers, U.S. Department of Education Deborah Tarpley, U.S. Department of Education Annmarie Weisman, U.S.
0 District Self-Monitoring October 2015 Web-based Monitoring System (WBMS) for the Tennessee Department of Education Division of Consolidated Planning.
Default Management New Challenges in Changing Times.
DEMOGRAPHIC REALITIES: How to Review Your CDR to Determine At-Risk Students and Focus Efforts for Success DEMOGRAPHIC REALITIES: How to Review Your CDR.
What’s In A CDR? Presented by Gretchen Bonfardine.
Michigan Default Prevention Project A Holistic Approach to Default Aversion U.S. Department of Education Federal Student Aid John Pierson FSA Default Prevention.
Session 18 COHORT DEFAULT RATE CALCULATIONS AND IMPACTS Katrina Turner Frances Robinson Jeff Baker U.S. Department of Education School Rates for FFEL and.
1 National Student Loan Cohort Default Rates National Student Loan Cohort Default Rates 4.5 Percentage Issued date:
One Size Doesn’t Fit All Building A Default Prevention Plan for YOUR School CASFAA December 15, 2013.
Session #60 Financial Institution Scorecards Jerry Wallace Ben Chiu.
Are You Ready for the 3-Year CDR? Cindy Marrs, Default Aversion Consultant.
Session #18 Hands-On: Direct Loan Tools and EDExpress Bob Martin Bruce Honer Ginger Klock Sarah Adams Kim Schreck U.S. Department of Education.
NSLDS on the Web Jim Yoder & Andrea Wise Session 3.
Session 9 Fiscal Operations Report and Application to Participate (FISAP) Form Changes Dorothy Dorsey Mary Miller Dan Madzelan.
FFELP UPDATE FOR SCHOOLS Mark Putman NCHELP Session 8.
Session 61 Financial Partners’ Journey Through NSLDS Pam Eliadis and Valerie Sherrer.
Catherine Metcalf | Dec U.S. Department of Education 2015 FSA Training Conference for Financial Aid Professionals The FSA ID – Resources for Assisting.
THE BIG DEFAULTERS Don’t have them be yours! Presented by: Dawn Knight Regional Director, Nelnet WFAA – October 2011.
Session # 17 Processing Direct Loans for Schools That Have Never Processed with COD Barbara Davis.
Session #32 FFEL/Direct Loan Cohort Default Rates.
Session Session 10 Queries: Powerful and flexible tools that anyone can use.
Incorrect Data Challenge Presenter: Thomas Kokis Director of Student Financial Literacy Berkeley College.
Session # 13 EDESuite Hands-On Exercises Bob Martin Ginger Klock Kim Schreck Jody Sears U.S. Department of Education.
NSLDS Update Ron Bennett Valerie Sherrer U.S. Department of Education
Donna Bellflower and Nichelle Alston | Dec U.S. Department of Education 2015 FSA Training Conference for Financial Aid Professionals Challenge and.
What’s In A CDR? Gretchen Bonfardine, Professional Services Consultant American Student Assistance.
1. 2 Managing the Risk of Default Ben Leborys Mark Walsh Default Aversion.
Session 27 Using R2T4 on the Web: A Hands-On Overview Marya Dennis, U.S. Department of Education Derek Kalm, Pearson Government Solutions.
Helen Faith, Lane Community College OASFAA Conference 2016.
Administrative Capability A NASFAA Authorized Event Presented by Janette Roszell Assistant Director of Financial Aid & Compliance Georgia Gwinnett.
Don’t leave your CDR to chance
Julie Haack St. Ambrose University
Entrance and Exit Counseling U.S. Department of Education
A Practical Approach to a Comprehensive Default Program
Default Prevention: A Beginners Guide to Implementation
Presentation transcript:

Session 20 Hands-On: Using the Electronic Cohort Default Rate Appeals (eCDR Appeals) System for Appealing and Challenging Cohort Default Rates Donna Bellflower Mary McGeorge U.S. Department of Education

CDR Challenges -Challenges are submitted by a school after the release of draft cohort default rates using the Loan Record Detail Report -A successful challenge will “fix” data that was used to calculate rates Challenges Incorrect Data Challenge (IDC) Participation Rate Index Challenge (PRI) 2

CDR Challenges (continued) Incorrect Data Challenges are submitted to Guaranty Agencies (GA) for FFEL loans held by the GA and to the Department’s servicers for FFEL loans held by ED and for Direct Loans. Possible incorrect data: 1.Borrower did not enter repayment during cohort year 2.Borrower did not default during monitoring period 3.Other borrowers entered repayment during cohort period 3

Processes IDC, UDA, and NDA electronically First became available in February 2008 (FY 2006 draft CDR) Available at the following link: eCDR Appeals 4

Beginning with the FY 2009 cohort (draft CDRs released in February 2011), all schools were required to use eCDR Appeals to prepare and submit their IDC, UDA, and NDA Check IFAP for upcoming electronic announcements 5

eCDR Appeals Benefits Easy-to-use interface Protects Privacy Act data Automatically packages allegations by data manager Compares draft/official LRDR and populates UDA 6

7

8

eCDR Appeals Questions? Further information is available in the PC Lab –View eCDR Appeals demo –Registration assistance –Website overview and demo 9

Resources IFAP website: Default Prevention and Management website: Management.html Management.html eCDR Appeals website: 10

Contact Information We appreciate your feedback and comments. We can be reached at: Phone: (OPD hotline) Fax:

USING eCDR APPEALS Let’s begin preparing our sample IDC case in eCDR Appeals. 12