Posted Date: September 9, 2010

Author:  Jana Hernandes, Service Director, Operations, Federal Student Aid

Subject: Release of the 2008-2009 Experimental Sites Initiative Data Analysis Report

We are pleased to announce the availability of the report “Analysis of the Experimental Sites Initiative: 2008-09.” This report contains findings from 90 schools participating in the seven currently active experiments. These experiments include:

  • Loan proration practices for graduating borrowers
  • Overaward tolerance and the disbursement of loan funds
  • Inclusion of loan fees in the calculation of student cost of attendance
  • Credit of Title IV funds for otherwise non-allowable institutional charges
  • Credit of Title IV funds for prior term charges
  • Alternative entrance loan counseling procedures
  • Alternative exit loan counseling procedures

The quantitative data provided on annual reporting templates, comments supplied by participating schools, and monitoring of institutional loan default rates generally suggest that the flexibility accompanying the experiments results in non-trivial administrative cost savings without any indication of an increase in student loan defaults. All of the current experiments also seem to afford the students increased “convenience” surrounding the receipt of aid awards.

The full report is available on the Experimental Sites Web site at the following link:

https://experimentalsites.ed.gov/exp/reports.html

Contact Information

If you have questions about the report, contact David Rhodes at david.rhodes@ed.gov.

   

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