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Tips for reading your CDR Snapshot


Note: Although a borrower may have multiple loans in multiple loan statuses, each borrower is represented only once in the summary; by their loan(s) with the most severe status. Here is a description of each status:

3 Year Cohort Default Rate – this rate is calculated based on the data provided and the end of the 3YR Cohort Default Rate period.

Bankruptcy – includes any borrowers whose loans are in active Bankruptcy or have been discharged due to Bankruptcy.

CDR Default – includes any borrowers whose loans defaulted prior to or on the last day of the 3-Year Cohort Default Rate period. These borrowers are included in the 3YR CDR numerator. 

Death – includes borrowers with loans discharged due to death.

Deferment – includes borrowers with loans in any type of Deferment, such as In-School, Economic Hardship, Military, etc.

Disability – includes borrowers with loans discharged due to disability.

Forbearance – includes borrowers with loans in any type of Forbearance.

Grace – includes any borrowers whose loans are in a Grace status and have not yet entered repayment.

In School – includes any borrowers with loans in an In-School status.

Other – includes any borrower not included in any other specified loan status.

Paid in Full – includes any borrowers whose loans have been Paid in Full either through borrower payment or through loan consolidation.

Post-CDR Default - includes any borrowers whose loans defaulted after the end of the 3-Year Cohort Default Rate period. These borrowers are not included in the 3YR CDR numerator.

Repayment: Current – includes borrowers, in Repayment, with loans no more than 30 days past due.

Repayment: Past Due –
includes borrowers with loans that are in Repayment, but have past due payments of 31 days or more and have not yet been assigned a Default status.

Risk Factor Rate - a worst case scenario CDR prediction based on the assumption that all delinquent loans that could default by the end of the 3YR CDR period will default. The Risk Factor Rate should be the same as the CDR if the cohort period has closed.

Technical Default – includes any borrowers with a status of Default but whose payments are less than 360 days past due or the Default Claim has not yet been paid. These borrowers are not yet included in the 3YR CDR numerator.

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