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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<div style="border:dotted #CCCCCC 1.0pt;padding:0in 0in 0in 0in" id="story">
<p class="MsoNormal" style="background:white"><span style="font-family:"Arial","sans-serif""><img id="_x0000_i1025" src="http://www.readysetrepay.org/images/RSR_Masthead.jpg" alt="Ready Set Repay Blast"><o:p></o:p></span></p>
<p class="MsoNormal" align="right" style="text-align:right;background:white"><span class="dateline1"><span style="font-size:10.0pt">Oct. 3, 2014</span></span><span style="font-family:"Arial","sans-serif""><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<h1 style="background:white"><span style="color:#C36800">The 2011 Three-Year Cohort Default Rates Decline in all Oklahoma School Sectors
<o:p></o:p></span></h1>
<p style="background:white"><span style="font-family:"Arial","sans-serif"">The U.S. Department of Education (ED) released the 2011 Three-Year Cohort Default rates on September 22, 2014 and, as you may already be aware, the national default rate declined by
1 percent. <o:p></o:p></span></p>
<p style="background:white"><span style="font-family:"Arial","sans-serif"">That's great news, but what about Oklahoma's state rate, and how does your campus rate compare to schools within your sector? Wayne Sparks, the Oklahoma College Assistance Program's
Default Prevention Manager, put his team to work compiling Oklahoma's data and has the answers to these questions.
<o:p></o:p></span></p>
<p style="background:white"><span style="font-family:"Arial","sans-serif"">Oklahoma's 2011 state rate declined by 2.7 percentage points to 15.7 percent. Rates declined in all school sectors, and the 2011 three-year rate is the lowest it's been since ED changed
the default rate calculation from two years to three years, starting with the 2009 cohort default rate. The chart below illustrates the Oklahoma school sector cohort rates for the last three cohort years.
<o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-family:"Arial","sans-serif""><img width="560" height="289" id="_x0000_i1026" src="http://www.readysetrepay.org/news/HTML_Archive/10_14/cohort.png" alt="3-Year Oklahoma Cohort Rates by Sector"><o:p></o:p></span></p>
<p style="background:white"><span style="font-family:"Arial","sans-serif"">If you need additional information about the 2011 Three-Year Cohort Default Rates, visit
<a href="http://ifap.ed.gov/DefaultManagement/DefaultManagement.html" target="_blank" title="ED opens in a new tab">
ED's Default Management website</a> or contact Wayne Sparks at 405-234-4358 or <a href="mailto:wsparks@ocap.org">
wsparks@ocap.org</a>. <o:p></o:p></span></p>
<p class="MsoNormal" style="background:white"><span style="font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<div class="MsoNormal" align="center" style="text-align:center;background:white">
<span style="font-family:"Arial","sans-serif"">
<hr size="1" width="60%" align="center">
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<p class="MsoNormal" style="background:white"><span style="font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<p class="signature" style="background:white">Mary Heid<br>
Director for Default Prevention, Compliance & Training Services<br>
Oklahoma College Assistance Program (OCAP)<br>
P.O. Box 3000 | Oklahoma City, OK 73101-3000<br>
<a href="mailto:mheid@ocap.org">mheid@ocap.org</a> | <a href="http://www.ReadySetRepay.org" target="_blank">
www.ReadySetRepay.org </a><o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:12.0pt;background:white"><span style="font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
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<p><span style="font-family:"Arial","sans-serif"">To unsubscribe or change your profile:
<a href="http://www.mailermailer.com/u/update/00000f-e6d0b9bf">click here</a><o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif"">For questions or comments, contact OCAP at P.O. Box 3000<br>
Oklahoma City, Oklahoma 73101<o:p></o:p></span></p>
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