Cohort Default Rate Policy

Responsible Office or Person:Financial Aid

Related Law & Policy:34 CFR 668 Subpart N

Issued:September 2024

Under 34 CFR 668 Subpart N, Carroll’s cohort default rate is a measure that is used to determine a school’s eligibility to participate in various Title IV, HEA programs. It is used to determine eligibility for exemptions, such as those for certain disbursement requirements under FFEL and Direct Loan Programs.

Carroll receives a Draft Cohort Default Rate, annually, in September and then receives the Final Cohort Default Rate, annually, in February from the U.S. Department of Education.

Carroll reviews that default rate to evaluate if there is further action needed with additional Consumer Information. Should the default rate rise above the national average, Carroll will update their website to comply with required regulations for military servicemen under DoD MOU, paragraph 3.h(3).