1. Julie Haack St. Ambrose University
Analyzing Your CDR
Julie Haack
St. Ambrose University

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 2016 – Draft FY 2013 Rate
October 2016 – Official FY 2013 Rate
February 2017 – Draft FY 2014 Rate
October 2017 – Official FY 2014 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. How CDR Is Calculated Numerator:
Number of student loan borrowers who entered repayment during a specific FFY and defaulted within the cohort default period ÷
Denominator:
Total number of student borrowers who entered repayment during the specified FFY
×100
Note: This formula is for schools with 30 or more student borrowers who entered repayment

6. Borrowers In The Denominator
Borrowers are included in the denominator
based on their repayment start date.
Repayment begins 6 months after the borrower separates from the institution, or drops below half-time.
The official repayment start date is the first day after the end of the grace period.
Borrowers who use deferment or forbearance are still included in the denominator.

7. Borrowers In The Numerator
Defaulted borrowers who are included in the denominator comprise the numerator.
Direct Loan program (DL) loans enter default after days of delinquency.
Federal Family Education Loan Program (FFELP) loans enter default if the guarantor has paid a default claim to the lender holding the loan.
The date the guarantor pays the lender (the claim date) determines what year the loan defaults.

8. 3 – Year CDR Timeline Period during which borrowers default
Feb –
Draft 2013
CDR
Oct Sept Sept Sept
Sept – Final 2013 CDR
Period during which borrowers enter repayment (FY2013)

9. Impact of Cohort Default Rate

10. Impact of Cohort Default Rate

11. Cohort Default Rate Guide

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

13. Right Side of IFAP Home Page

14. Path To the Tool 1 2 3

15. Open the file, instructions on first tab

16. Import the SHCDREOP file

17. Text file will import into correct fields

18. Click on Data, then Filter, to get defaulters
Select B when filtered to get Numerator and Denominator Both, this is your Numerator

19. Click on Data, then Filter, to get defaulters
Select B and D to get Denominator, this is your Denominator.

20. How many students are in default?
Look at the bottom of your excel worksheet as you sort.
61 of 4591 Records Found (filtered on B)
872 of 4591 Records Found (filtered on B and D)
Numerator = 61
Denominator = %

21. Codes, Codes, Codes

22. Codes, Codes, Codes

23. Here is how to read your LRDR: