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Description: Tags: New Data Adj-127

This document provides instructions for schools submitting a new data adjustment to the Department of Education regarding cohort default rates. It outlines the required materials to submit under three tabs: 1) a cover letter with school information; 2) a spreadsheet listing all new data allegations where the agency/servicer confirmed changes; and 3) copies of agency/servicer responses confirming changes. Schools must submit this material by the specified deadlines, and the Department's decision is final.

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35 views

Description: Tags: New Data Adj-127

This document provides instructions for schools submitting a new data adjustment to the Department of Education regarding cohort default rates. It outlines the required materials to submit under three tabs: 1) a cover letter with school information; 2) a spreadsheet listing all new data allegations where the agency/servicer confirmed changes; and 3) copies of agency/servicer responses confirming changes. Schools must submit this material by the specified deadlines, and the Department's decision is final.

Uploaded by

anon-998639
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Information for Schools on Adjustments and Appeals New Data Adjustment

Within the timeframes described in Step 8 on page 124, the following


MATERIAL, to support a new data adjustment, should be sent to the
Department's Default Management Division at the address shown on page
128.
The section behind Tab 1 contains: Tab 1
A LETTER on the school’s letterhead with—

♦ the school’s OPE ID number;

♦ a statement indicating that the school is submitting a new data


adjustment;

♦ a reference to the applicable cohort default rate (in this case FY


1998);

♦ a list of the other adjustments/appeals the school intends to


submit to the Department;

♦ the signature of the school’s President/CEO/Owner, followed by


a signature block providing the signer’s name and job title;

AND

♦ a notation that a copy of the letter and spreadsheet will be sent to


the relevant guaranty agency/Direct Loan servicer.

Schools only need to send a copy of the letter and spreadsheet


of the new data adjustment to the relevant guaranty
agency/Direct Loan servicer.

Schools should refer to the Sample New Data Adjustment


LETTER on page 140.
The section behind Tab 2 contains: Tab 2
A SPREADSHEET of ALL of the school’s new data allegations for
which the guaranty agency(ies)/Direct Loan servicer indicated a
change is warranted.

Schools should refer to the Sample New Data Adjustment


SPREADSHEET and SPREADSHEET INSTRUCTIONS on pages
139 and 138, respectively, to assist in creating the list.

The section behind Tab 3 contains:


Tab 3
Copies of the guaranty agency/Direct Loan servicer's New Data
Adjustment RESPONSES confirming that a change is warranted to the
new data.

Schools should refer to pages137 for a Sample New Data Allegation


RESPONSE.

The Department will review only the information submitted


Note with the new data adjustment and will not consider
information submitted after the applicable deadline. The
Department will send the school and each involved entity
written notification of its decision. The Department’s
decision is final and no further administrative review is
provided.

FY 1998 Official Cohort Default Rate Guide Page 127

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