Under current law, the "cohort default rate" is defined as the percentage of a school's borrowers who enter repayment during one fiscal year and then default prior to the end of the next fiscal year.  Congressmen Grijalva and Bishop offered an amendment during the House Education and Labor Committee markup of the Higher Education Act Reauthorization.  It would change the formula for calculating the cohort default rate (CDR). 

H.R. 4137 would change the definition of the cohort default rate by also counting defaults for an additional fiscal year, which would raise cohort default rates for many institutions.

Are you in support of this amendment?