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ED Releases Cohort Default Rate Data For PLUS Loans

6 April 2014 8 views No Comment

 

Despite a dramatic increase in the last several years, borrowers of federal Direct PLUS Loans have lower three-year cohort default rates (CDR) than their counterparts in the Stafford Loan Program, according to data released last week by the Department of Education (ED). The data was released during last week’s negotiated rulemaking session on Program Integrity and Improvement after negotiators requested more data on the program’s default rates. The negotiators are reconsidering the current definition of adverse credit for PLUS borrowers. 

 


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