Cohort Default Rate (CDR)
CDR is a WASC accreditation review criteria as a financial management indicator of
effectiveness of default prevention measures/education and financial literacy training.
It is a measure of the number of students defaulting on student loans out of a graduate
cohort of students entering post-grace period repayment in a fiscal year.
Fiscal Year 2019
|Cohort Default Rating||1.7%||2.3%||2.0%||2.6%||0.0%|
The threshold for action: ≥25% results in sanctions and may lead to provisional certification of the school when applying for recertification to participate in the Student Financial Aid Assistance Programs. CDR converted to an average 3 year rating in 2014. Official Three-year Cohort Default Rates for Postsecondary Schools (ed.gov): (https://www2.ed.gov/offices/OSFAP/defaultmanagement/cdr.html)