The Higher Education Opportunity Act of 2008 introduced new rules governing the calculation of cohort default rates (CDRs). Under the new provisions, an institution's CDR is calculated as the percentage of the school's borrowers who default before the end of the second fiscal year following the fiscal year in which those borrowers entered repayment. The U.S. Department of Education releases official CDRs once per year in September.
TG has developed a tool that is designed to provide a historical perspective on an institution's CDR performance over several years. You can use the tool below to pull up an institution's National Fact Sheet, which includes the school's:
- Historical official 2-year CDRs
- Trial 3-year CDRs (which were calculated prior to the implementation of the new provisions)
- Official 3-year CDRs
- Pell grant and Direct Loan volume
- Retention and graduation rates
- Full-time and part-time enrollment
To use the tool, select a state and then select a school.