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  **HEA: SFA Federal  
  Perkins Loans**     

  **FY 2008 Program   
  Performance Plan**  

  Strategic Goal 3    

  Multiple            

  HEA, Title IV, Part 
  E                   

  CFDA                84.037: Perkins Loan Cancellations

                      84.038: Federal Perkins Loan Program_Federal Capital Contributions
  ------------------- ------------------------------------------------------------------

  -------------- --------------------------------------------------------
  **Program      **To help ensure access to high-quality postsecondary
  Goal:**        education by providing financial aid in the form of
                 loans in an efficient, financially sound and
                 customer-responsive manner.**

  -------------- --------------------------------------------------------

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  ------------------------- --------------------------------------------------------
  ***Objective 1 of 2:***   *Ensure that persistence rates will increase for low-
                            and middle-income students.*

  ------------------------- --------------------------------------------------------

  ----------------------- ---------------- ------------------ -----------------------------
  **Measure 1.1 of 1:**                                       
  Student persistence                                         
  rate for Perkins loan                                       
  borrowers.   (Desired                                       
  direction: increase)                                        
    2090                                                      

  **Year**                **Target**       **Actual\          **Status**
                                           (or date           
                                           expected)**        

  2007                    Set a Baseline   Not Collected      Not Collected

  2008                    Maintain a       Not Collected      Not Collected
                          Baseline                            
  ----------------------- ---------------- ------------------ -----------------------------

**Source**. U. S. Department of Education, National Center for Education
Statistics, Integrated Postsecondary Education Data System (IPEDS).

**Frequency of Data Collection**. Annual

**Explanation**. Providing program-specific data for this program
requires the collection of individual student enrollment information.
The collection of student data at the individual unit record level will
will not be possible for the individual FSA programs based on the
findings of a technical review panel by OPE management. Therefore, this
measure is being replaced by a measure of cohort default rates.

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  ------------------------- --------------------------------------------------------
  ***Objective 2 of 2:***   *Decrease the student cohort default rate for Federal
                            Perkins Loans*

  ------------------------- --------------------------------------------------------

  ----------------------- ---------------- ------------------ ----------------------------
  **Measure 2.1 of 1:**                                       
  Student cohort default                                      
  rate for Federal                                            
  Perkins Loans                                               
    (Desired direction:                                       
  decrease)                                                   
    00000000000001p                                           

  **Year**                **Target**       **Actual\          **Status**
                                           (or date           
                                           expected)**        

  2000                                     10                 Measure not in place

  2001                                     9.5                Measure not in place

  2002                                     8.9                Measure not in place

  2003                                     8.3                Measure not in place

  2004                                     8.1                Measure not in place

  2005                                     8.1                Measure not in place

  2007                    6.6              (October 2009)     Pending

  2008                    6.1              (October 2010)     Pending

  2009                    5.6              (October 2011)     Pending

  2010                    5.1              (October 2012)     Pending

  2011                    4.6              (October 2013)     Pending

  2012                    4.1              (October 2014)     Pending
  ----------------------- ---------------- ------------------ ----------------------------

**Source**. U.S. Department of Education, Federal Student Aid,
Information for Financial Aid Professionals (IFAP) Library, Perkins
Cohort Default Rate Booklet,
(http://ifap.ed.gov/IFAPWebApp/currentCBPMaterialsListPag.jsp?p1=Perkins+Cohort+Default+Rate+Booklet&p2=c).

**Frequency of Data Collection**. Annual

**Data Quality**. The Federal Perkins Loan Program Status of Default,
known as the Orange Book, is a report that lists each school that
participated in the Federal Perkins Loan (Perkins Loan) Program during
the Award Year and provides a cohort default rate for each school. This
report is based on data submitted by schools in the Fiscal Operations
Report for the prior year and Application to Participate for the
subsequent year (FISAP).

**Explanation**. This is a new measure introduced in 2007. It replaces
the former measure: student persistence rate for Perkins loan borrowers.
Data for FY 2005 will be available in October 2007.