A school’s CDR is the percentage of a school’s federal student loan borrowers who enter repayment within the cohort fiscal year (denominator) and default (or met other specified condition) (numerator) within the cohort default period.
A cohort fiscal year is the same as a federal fiscal year, which begins Oct. 1st or a year and ends on Sept. 30th of the following year. The CDR period is the three-year period that begins on Oct. 1st of the fiscal year when the borrower enters repayment and ends on Sept. 30th of the following two fiscal years.
Currently LWT does not qualify to receive an official CDR. Once LWT has three years of loan borrowers who enter repayment LWT will receive a CDR