Publication Date: April 2006

Award Year: 2004-2005

Publication : Perkins Cohort Default Rate Booklet

Notifications Subject: Federal Perkins Loan Program Status of Default as of June 30, 2005 (Orange Book)

Posted on 04-27-2006

The Federal Perkins Loan Program Status of Default as of June 30, 2005, known as the Orange Book, is a report that lists each school that participated in the Federal Perkins Loan (Perkins Loan) Program during the 2004-2005 Award Year and provides a cohort default rate for each school. This report is based on data submitted by schools in the Fiscal Operations Report for 2004-2005 and Application to Participate for 2006-2007 (FISAP).

The attached report is organized alphabetically by state or territory. Schools are listed alphabetically within the state or territory in which they are located. The following information is provided for each school:

Column A, Number of Borrowers Who Entered Repayment Status in 2003-2004
(Source: FISAP, Part III, Section D, field 1.1 or Section E, field 2.3)

Column B, Borrowers from Column A in Default on June 30, 2005
(Source: FISAP, Part III, Section D, field 1.2 or Section E, field 2.4)

Column C, Cohort Default Rate
(Source: Column B divided by Column A)

Column D, Total Number of Borrowers in Default 240 Days or More
(Source: FISAP, Part III, Section C, sum of fields 5.2, 5.3, and 5.4, column b)

Column E, Total Principal Outstanding on Loans in Default 240 Days or More
(Source: FISAP, Part III, Section C, sum of fields 5.2, 5.3, and 5.4, column d)

Notes:

1) This year, the first column of the report will be OPE Identification Number instead of Serial Number.

2) For schools that had less than 30 borrowers enter repayment during the 2003-2004 Award Year, Columns A and B reflect the aggregate number of borrowers for the three most recent award years (2001-2002, 2002-2003, 2003-2004). These numbers are used to calculate the cohort default rate reported in Column C.

3) Columns D and E include borrowers and amounts in default 270 days or more for loans repayable in quarterly installments.

4) State summary information is provided at the end of the listing for each state. National summary information is provided at the end of the report.

If you have any questions concerning the Orange Book, please contact the Campus-Based Call Center at 877/801-7168. Customer service representatives are available Monday through Friday from 8:00 A.M. until 8:00 P.M. (ET). You may also e-mail CBFOB@ed.gov.

Attachments/Enclosures:

Federal Perkins Loan Program Status of Default as of June 30, 2005 in PDF Format, 2.08MB, 194 pages