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  **HEA: SFA Federal  
  Direct Student      
  Loans**             

  **FY 2008 Program   
  Performance Plan**  

  Strategic Goal 3    

  Credit              

  HEA, Title IV, Part 
  D                   

  CFDA                84.268: Federal Direct Student Loans
  ------------------- ------------------------------------------------------------------

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  **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 in postsecondary                                       
  education for Direct                                        
  Loan borrowers.                                             
    (Desired direction:                                       
  increase)   2094                                            

  **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
                            Direct Student Loans*

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

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

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

  2000                                     6.1                Measure not in place

  2001                                     5.2                Measure not in place

  2002                                     5                  Measure not in place

  2003                                     3.8                Measure not in place

  2004                                     4.2                Measure not in place

  2005                                     4.1                Measure not in place

  2007                    4.1              (October 2009)     Pending

  2008                    4.1              (October 2010)     Pending

  2009                    4                (October 2011)     Pending

  2010                    4                (October 2012)     Pending

  2011                    3.9              (October 2013)     Pending

  2012                    3.9              (October 2014)     Pending
  ----------------------- ---------------- ------------------ ----------------------------

**Source**. U.S. Department of Education, Official Cohort Default Rates
for Schools
(http://www.ed.gov/offices/OSFAP/defaultmanagement/index.html).

**Frequency of Data Collection**. Annual

**Data Quality**. Each year the Department publishes cohort default
rates based on the percentage of a lender\'s or guarantor\'s student
borrowers who enter repayment on loans during a federal fiscal year
(October 1 - September 30) and default before the end of the next fiscal
year. The Department of Education releases official cohort default rates
once per year.

**Explanation**. This is a new measure introduced in 2007. It replaces
the former measure: student persistence rate in postsecondary education
for Direct Loan borrowers. Data for FY 2006 will be available in October
2008.