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

2. 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.

3. 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

4. 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.

5. Impact of Cohort Default Rate

6. Impact of Cohort Default Rate

7. Cohort Default Rate Guide

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

9. Scroll Down IFAP Home Page

10. Path to the tool 2 1 3

11. Open the file, and they have instructions

12. Import the shcdreop file

13. PII Hidden

14. Now What?

15. Now What

16. Now What

17. Codes, Codes, Codes

18. Codes, Codes, Codes

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

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