Education Sector Policy Analyst Ben Miller discusses recent changes to the way the federal government determines the Cohort Default Rate (CDR), normally calculated as the percentage of borrowers who default on their student loans within the same two-year repayment period. In 2009, Congress expanded the timeframe for computing CDRs from two years to three. In this video, Miller explains the ins and outs of cohort default rates and why the new rates have important implications for students, parents, and schools.

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