1. Presenter Name(s) 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Issue date National Student Loan Cohort Default Rates Percentage

2. 2 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2009 2010 2011 Issued date Schools Subject to Sanctions The school numbers are pre-appeal and include only schools impacted by the three years of 25% or greater sanction. A school can be on extended sanction and is therefore reflected in multiple year counts. Number of Schools 5 Sanctions 5 Sanctions

3. 3 Institutional Default Rate Reduction Initiative Comparison of FY 2007, FY 2008, and FY 2009 Cohort Default Rates FY 2007, FY 2008, and FY 2009 Cohort Default Rates Comparison of FY 2009 Official Cohort Default Rates to Prior Two Official Calculations