Cohort Default Rate Policy
Responsible Office or Person:51风流
Related Law & Policy:34 CFR 668 Subpart N
Issued:September 2024
Under 34 CFR 668 Subpart N, Carroll鈥檚 cohort default rate is a measure that is used to
determine a school鈥檚 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).