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 |