USA Funds® reminds USA Funds Borrower ConnectTM users that the federal cohort default rate reporting period for 2011 ends Sept. 30, 2013, and the period for 2014 begins Oct. 1, 2013.
Also as a reminder:
- Beginning Oct. 1, 2013, borrowers in the 2011 cohort will not be loaded into USA Funds Borrower Connect. USA Funds Borrower Connect reports will continue to reflect historical information related to the 2011 cohort.
- Beginning Oct. 1, 2013, borrowers in the 2014 cohort will be loaded into USA Funds Borrower Connect.
- The USA Funds Borrower Connect dashboard no longer will reflect information related to the 2011 cohort default rate reporting period and will begin displaying the 2014 cohort default rate reporting period.
- To ensure that the most accurate information is captured for the 2011 cohort period, make every effort to import the most recent files from the National Student Loan Data System by the end of September 2013.
USA Funds Borrower Connect is a Web-based tool that helps institutions stay in contact with student loan borrowers to promote successful student loan repayment and prevent past-due loans and defaults.
Contact USA Funds with questions or for additional information.