How is the numerator calculated?
If a student entered repayment in FY 1998, defaulted on his or her loan, and a default claim was paid by September 30, 1999, the loan continues to be counted as in default in the FY 1998 cohort default rate calculation, even if the student later enters into a repayment arrangement with the guaranty agency or repays his or her loan in full to the guaranty agency. How is the denominator calculated? The number of students that entered repayment is determined by counting the number of different social security numbers in that category. If a student had more than one loan included in the NSLDS (for example, two Federal Stafford Loans or one Federal Stafford and one Federal SLS loan), the student will be counted only once. However, if a student borrowed from more than one lender, he or she is counted in the calculation for each lender. How are discharged loans counted, e.g., death, disability, or bankruptcy? Loans that are discharged due to death, total and permanent disability, or bankruptc
