College Administrators

Beginning with Fiscal Year 2009, the new Cohort Default Rate (CDR) formula will include students who default by the end of the second fiscal year after beginning repayment. The current CDR looks at up to two fiscal years – the one in which the borrower began repayment and the following one. The new formula looks at up to three fiscal years – the one in which the borrower began repayment and the following two. Borrowers who enter repayment between October 1, 2008, and September 30, 2009, and default on or before September 30, 2011 (rather than 2010), will be used when determining an institution’s cohort default rate.

With the implementation of these new tougher guidelines, Colleges are looking for new ways to improve their CDR management program.

Default Management Services (DMS) has the solution!

DMS has over 7 years experience at helping colleges and universities across the nation with managing their Cohort Default program and lowering their Cohort Default Rate (CDR). Over the last 7 years, DMS has helped many colleges lower their CDR by implementing a proprietary system of email, postal mail, and phone counseling for delinquent and default borrowers. DMS will develop a custom database for your school allowing you to access the progress of your delinquent students accounts.

For more information about how we can help your College/University with your CDR program, please call Douglas Lang at 727-544-0389.