Cohort Rates [1031]

 

 

 

Module Description

The Cohort Rate module displays the Official Cohort Default Rates received from the Department of Education for the School. Cohort Default Rates are received each year and uploaded into RGM. Default Rates represent the percentage of Title IV Loan borrowers each year who are in Default Status for their Loans from DOE (Direct Loan) or authorized lenders (FFEL).

 

 

Field

Description

Campus

Refers to the assigned Campus number

Key

Refers to the number sequentially assigned to the record by RGM system

Year

Refers to the Year loans entered repayment for which the Cohort Default Rates are calculated

Actual Default

Refers to the Actual Default Rate

Official

Refers to the Official Default Rate (may change if challenge and approved by DOE or if 3 years of data are used)

Borrowers in Repayment

Number of Borrowers during the Year in Repayment Status

Borrowers in Default

Number of Borrowers during the Year in Default Status

Data Info Received

Date the Cohort Default Rate Data was received from DOE

Years to Default

Refers to the number of years of repayment considered in the Default Rates

3 Year Flag

Yes- rates are based on three years of data because of small numbers