Student loans processed after the cut off for the regularly scheduled disbursements will be disbursed on a bi-weekly basis. Student loan borrowers should refer to their disclosure statement for the anticipated disbursement dates.
Additional Resources
Frequently Asked Questions
Federal Student Aid Gateway
Contact a Federal Student Loan Servicer
Loan Repayment Simulator
U.S. Department of Education Loan Default Information
National Student Loan Data System (NSLDS)
Federal Student Aid ID (FSAID)
Institutional Code of Conduct for Education Loans
As a participant in the federal Title IV education loan program, Edison State Community College is required to have a Code of Conduct that, among other things, prohibits conflicts of interest, bans revenue-sharing and gifts and specifies acceptable services. For more information about these restrictions, click here.
Cohort Default Rate (CDR)
Did you know?
- One out of 10 Americans has defaulted on a student loan at one time or another
- Over a million student loans enter default each year
- 7.8% of all student loan debt is in default
- $124.4 billion in student debt is in defaulted student loans
- 11% of new graduates default in the first 12 months of repayment
A Cohort Default Rate (CDR) is the percentage of a school’s borrowers who enter repayment on certain Federal Family Education Loans (FFEL) or William D. Ford Federal Direct Loan (DL) Program loans during a particular federal fiscal year (FY), October 1 to September 30 and default or meet other specified conditions prior to the end of the second following fiscal year.
Repayment begins six months after a student withdraws, is no longer enrolled for at least 6 credit hours or graduates.
Default occurs when a student is in the repayment period but fails to make their payments for 270 days or more.
The Department of Education releases the official 3-year Cohort Default Rate once per year. The data from the most recent years for Edison State Community College is listed below.
ACADEMIC YEAR COHORT |
|
DEFAULT RATE |
|
2017–2018 (FY18) |
|
8.7% |
|
2016–2017 (FY17) |
|
14.4% |
|
2015–2016 (FY16) |
|
16.2% |
|
2014–2015 (FY15) |
|
18.6% |
|
2013–2014 (FY14) |
|
18.2% |
|
2012–2013 (FY13) |
|
20% |
|
Edison State Community College currently outsources its default prevention activity to Student Connections, 6405 Castleway Court, Suite 100, Indianapolis, Indiana 46250. Student Connections contacts ESCC students before their loans enter repayment and thereafter as the need occurs. They also offer counseling and online resources to increase loan borrower awareness and repayment options. Students who need assistance can reach out to Student Connections at 866.311.9450 or
www.repaymyloans.org.