Cohort Default Rate definition

Cohort Default Rate shall have the meaning ascribed to such term in 34 C.F.R. § 668 Subpart N.

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Cohort Default Rate means the percentage of current and former student borrowers whoenter the repayment period in a given Federal Fiscal Year that default before the end of the following Federal Fiscal Year.

Cohort Default Rate means the percentage of an educational institution’s borrowers who enter repayment on certain Federal Family Education Loan Program and/or ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ Federal Direct Loan Program loans during a particular fiscal year and default or meet other specified conditions before the end of the next fiscal year, as is more specifically described in 34 C.F.R. Part 668 (including the definition of terms set forth herein).

Examples of Cohort Default Rate in a sentence

Student’s Initials: Date: 1The percentage of students who defaulted on their federal student loans is called the Cohort Default Rate (CDR).
Permit the Cohort Default Rate for any School to exceed: (i) the maximum percentage permitted by the DOE for the applicable three consecutive cohort fiscal years in order for such school to participate in Title IV Programs or (ii) the maximum percentage permitted by the DOE for the applicable cohort fiscal year in order for such school to participate in Title IV Programs.
The Borrower will not permit any Active Subsidiary whose operating income for the most recently completed Fiscal Year equals or exceeds seven and one-half percent (7-1/2%) of the aggregate operating income of all Active Subsidiaries for the same fiscal period to have a Cohort Default Rate in excess of twenty-five percent (25%) per year for the two (2) previous years.
Borrower agrees that its Cohort Default Rate as published by the United States Department of Education shall not exceed 25% for any two consecutive years.
Permit the Cohort Default Rate for the School (i) with respect to any period prior to the release of official cohort default rates, to be equal to or greater than thirty percent (30%) for three consecutive federal fiscal years or (ii) to exceed forty percent (40%) for any single federal fiscal year.

More Definitions of Cohort Default Rate

Cohort Default Rate has the meaning of an Official Cohort Default Rate provided in 34 C.F.R. Sections 668.182 and 668.201, as applicable.

Cohort Default Rate means the percentage of [Federal Family Education Loan Program (FFELP) and] William D. Ford Federal Direct Loan Program (Direct Loan) borrowers who default by the end of the second Federal fiscal year following the Federal fiscal year in which they entered repayment on their loans, unless otherwise defined by the United States Department of Education. The United States Department of Education calculates this rate annually to determine the default experience of students who attended a particular school during a particular period of time.

Cohort Default Rate shall have the meaning ascribed thereto by the DOE in Title 34, Chapter VI, Part 668, Subpart B, Section 17 of the Code of Federal Regulations (34 C.F.R. Section 668.17), as the same may be amended from time to time.

Cohort Default Rate means the “official cohort default rate” as defined in 34 C.F.R. Part 668 Subpart N.

Cohort Default Rate means, as to any Institution, the percentage of students or former students of such Institution who default on loans received through the Federal Family Education Loan or Federal Direct Loan Programs, or any other applicable program under Title IV, before the end of the Federal fiscal year after the year in which such students or former students enter repayment for such loans, as further described in Section 668.17(d) of the Regulations.

Cohort Default Rate means the percentage of an educational institution’s borrowers who enter repayment on certain Federal Family Education Loan Program and/or William D. Ford Federal Direct Loan Program loans during a particular fiscal year and default or meet other specified conditions before the end of the next fiscal year, as is more specifically described in 34 C.F.R. Part 668 (including the definition of terms set forth herein).

Cohort Default Rate means (for any award year in which 30 or more current and former students at the school enter repayment on a loan received for attendance at that school) the percentage of those current and former students who enter repayment in that award year on the loans received for attendance at that school and who default before the end of the following award year. For any award year in which less than 30 current and former students at the school enter repayment on a loan received at the school, “cohort default rate” means the percentage of those current and former students who entered repayment on loans received for attendance at that school in any of the three most recent award years and who defaulted on those loans before the end of the award year immediately following the year in which they entered repayment.