The FY 2011 3-year draft cohort default rates were released on February 18th. These draft rates are released to give you a chance to review data and to challenge any data that you feel is incorrect. Incorrect data challenges are submitted via the ECDR appeals system. You have 45 days from the release of the draft rates to submit a challenge. The loan information used to calculate the draft cohort default rate will be used to calculate your official rate so you need to ensure that this data is accurate. Keep in mind that in September of this year, your official three-year cohort rate will be released and you will be subject to sanctions against your school.
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