ED Announces College Scorecard Enhancements

By Hugh T. Ferguson, NASFAA Staff Reporter

The Department of Education (ED) announced a number of new features to the College Scorecard Tuesday, aiming to provide prospective students with additional details on federal loan repayment statuses of borrowers, broken down by institution.

Building off of previous updates, ED will now include the percentage of student loans paid down by entire cohorts of students one, four, five, 10, and 20 years after entering repayment, which for the first time includes the Parent PLUS repayment outcomes.

The College Scorecard now also shows the percentages of borrowers who fall into eight loan repayment statuses two years after entering repayment. Those statuses include paid in full, making progress, delinquency, forbearance, default, not making progress, deferment, and loans discharged.

“Prospective students can now see a comprehensive picture of how borrowers from each institution are meeting their federal student loan obligations,” said Acting Secretary of Education Mitchell Zais.

Additional updates are expected by next week, with ED planning to release Scorecard data on repayment status based on borrowers’ fields of study.

Publication Date: 1/13/2021

You must be logged in to comment on this page.

Comments Disclaimer: NASFAA welcomes and encourages readers to comment and engage in respectful conversation about the content posted here. We value thoughtful, polite, and concise comments that reflect a variety of views. Comments are not moderated by NASFAA but are reviewed periodically by staff. Users should not expect real-time responses from NASFAA. To learn more, please view NASFAA’s complete Comments Policy.

LOG IN

ADD TO FAVORITES

ED Announces College Scorecard Enhancements

Related Content