Federal Student Aid - IFAP
   

Publication Date: March 27, 2002

Award Year: 2000-2001

Publication : Perkins Cohort Default Rate Booklet

Part:

Notifications Subject: Federal Perkins Loan Program Status of Default As of June 30, 2001 (the Orange Book)

Posted on 03-27-2002

To: All EDExpress Users
From: Richard Coppage, Acting Director, Campus-Based Operations
RE: Federal Perkins Loan Program Status of Default As of June 30, 2001 (the Orange Book)

The Federal Perkins Loan Program Status of Default as of June 30, 2001, otherwise known as the Orange Book, contains data that was taken from information submitted by institutions on the 2000-2001 Fiscal Operations Report and 2002-2003 Application to Participate (FISAP). This report provides a listing of institutions participating in the Perkins Loan Program during the award year that ended on June 30, 2001, including a cohort default rate for each institution. It also provides state figures at the end of each state listing and National figures at the end of the report.

This listing includes the following data:

Column A, Number of Borrowers Who Entered Repayment Status in 1999-2000

Source: FISAP, Part III, Section D, Line 1.1 or Section E, Line 2.3

Column B, Borrowers from Column A in Default on June 30, 2001

Source: FISAP, Part III, Section D, Line 1.2 or Section E, Line 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 Lines 5.2, 5.3, and 5.4, Column B

Column E, Total Principal Amount Outstanding on Loans in Default 240 Days or More

Source: FISAP, Part III, Section C, sum of Lines 5.2, 5.3, and 5.4, Column D

A "cohort" is computed using only the number of borrowers who entered repayment status in the 1999-2000 reporting period, except for schools that have a cohort of less than 30 borrowers. For those schools, the cohort is an aggregate of the total number from three reporting years: 1997-1998, 1998-1999, and 1999-2000.

For questions concerning this notification contact:

Judy Norris, Campus-Based Operations, (202) 377-3175

Attachments/Enclosures:

Federal Perkins Loan Program Default Status Report As of June 30, 2001 (the Orange Book) States of Alabama through Iowa in PDF Format, 388KB, 56 pages

Federal Perkins Loan Program Default Status Report As of June 30, 2001 (the Orange Book) States of Kansas through North Carolina in PDF format, 439KB, 64 pages

Federal Perkins Loan Program Default Status Report As of June 30, 2000 (the Orange Book) States of North Dakota through the U.S. Virgin Islands, in PDF Format, 403KB, 59 pages