Challenges, Adjustments & Appeals

:
Loan Record Detail Report (LRDR)

THE LOAN RECORD DETAIL REPORT (LRDR)
A school’s cohort default rate is a very important measure used to determine its eligibility to
participate in various Title IV programs, thus allowing the school to continue providing essential
aid to its students. As the cohort default rate has such an important impact on a school’s
eligibility to participate, Federal regulations stipulate the conditions under which a school may
request changes to a cohort default rate or appeal the consequences of a cohort default rate.
The information in the LRDR is exceptionally useful if your school plans to file a challenge,
adjustment, or appeal. The LRDR contains information on the loans that were used to calculate a
school’s draft or official cohort default rate. It lists a school’s FFEL and/or DL activity, including
but not limited to

The number of borrowers who entered repayment during a given fiscal year, and
The loan status of those borrowers.

After the release of your draft cohort default rate, you should review your LRDR to
verify the accuracy of the loan information. Because the official cohort default rate will
be used to determine if your school is subject to sanctions or eligible for benefits, it is
most important that you verify the accuracy of draft cohort default rate data before the
official cohort default rate data is calculated and released. If you do not challenge draft
cohort default rate data that you believe to be incorrect, your school forfeits the right to
submit certain types of adjustments and appeals when the official cohort default rates are
released.

Challenges, Adjustments & Appeals:
Loan Record Detail Report (LRDR)
Here is an example of an LRDR:

Loan Record Detail Report
1

U.S. DEPARTMENT OF EDUCATION
CALCULATION DATE: 07/31/2004
NATIONAL STUDENT LOAN DATA SYSTEM (NSLDS)
PAGE NO:
1
COHORT YEAR
2002 OFFICIAL LOAN RECORD DETAIL REPORT (SCHOOL)
0
Attention: ALEXANDER PEACHUM
Organization ID Number: 99999900
Name:
GRAPHIC TECHNOLOGY
Address:
9765 ARTS LANE
School Information
OPEID Number
City:
CORAL CITY
State: IOWA
Sort Selection:
SSN
Country:
Postal Code: 12345-6543
Program Type: FFEL/DL
Years:
1
---------------------------------------- STUDENT ----------------------------------------- Original -------- CLASS ------ Academic
Line 1 SSN
Last name
First/M.I.
D.O.B
School
Begin Date End Date
Level
----------- ----------------------------------------------- ---------- -------- ---------- --------- -------Guarantor/ Guaranty
Enrollment Stat/ Usage
Line 20 - LENDER/SVCR/HOLDER - -- Loan - Claim Rsn/ DEFAULT/
Originating Current
Type Stat
Code
NegAm Date Repay Date Amount
Servicer
Loan/Date Code Date
1
2
----------- --------- ---- ---- ---------- ----------- ---------- -------------- ---------- ---------------- ----JIM
K 06/07/1949 99999900 01/18/2000 05/11/2000
1
Line 1 0001-01-0001 CHARM
00/00/0000
06/12/2002 $ 2,000
666
04/24/2000 G
12/13/2001
D
FD
Line 2 8888888888 9999999999 SU RP
0001-01-0001 CHARM
JIM
K 06/07/1949 99999900 08/21/2000 05/10/2001
2
8888888888
9999999999 SU
RP
00/00/0000
06/12/2002 $
783
666
10/12/2000 G
12/13/2001
E
E
0001-01-0002 NOON
SUN
M 06/07/1949 99999900 08/21/2000 05/10/2001
2
8888888888
9999999999 SF
DF
DF
11/22/2002
06/12/2002 $ 2,834
666
10/12/2000 G
12/13/2001
B
FB
0001-01-0002 NOON
SUN
M 06/07/1949 99999900 08/20/2001 12/13/2001
2
8888888888
9999999999 SF
DF
DF
11/22/2002
06/12/2002 $ 1,471
666
08/24/2001 G
12/13/2001
E
E
0002-00-0003 TREAT
DENZEL
A 06/19/1981 99999900 08/23/1999 05/11/2000
1
8888888888
9999999999 SF
FB
00/00/0000
11/07/2001 $ 2,625
666
02/08/2000 G
12/13/2001
D
FD
0002-00-0003 TREAT
DENZEL
A 06/19/1981 99999900 08/21/2000 05/10/2001
2
8888888888
9999999999 SF
FB
00/00/0000
11/07/2001 $ 3,500
666
01/30/2001 G
12/13/2001
E
E
0003-00-0004 XU
MARK
R 02/28/1969 99999900 01/16/2001 05/10/2001
1
8888888888
9999999999 SF
DA
00/00/0000
02/17/2002 $ 1,313
666
02/05/2001 W
12/12/2002
D
FD
0003-00-0004 XU
MARK
R 02/28/1969 99999900 01/16/2001 05/10/2001
1
8888888888
9999999999 SU
DA
00/00/0000
02/17/2002 $ 1,021
666
02/05/2001 W
12/12/2002
E
E
-Default Rate Usage 1: D = Denominator, B = Numerator/Denominator, N = Not Used, E = Eligible but not counted
Default Rate Usage 2: FD = FFEL Denominator, FB=FFEL Numerator/Denominator, DD = Direct Denominator,DB=Direct Numerator/Denominator,
IC = ICR (Negative Amortization Only), N = Not Used, E = Eligible but not counted
INFORMATION PROTECTED BY THE PRIVACY ACT OF 1974 AS AMENDED

Abbreviations

You may find the following link helpful to you:
Chapter 2.3 of the Cohort Default Rate Guide