#	Subject	Summary of Change to Common Manual	Type of Update	Effective Date	
1281	Calculation of School Cohort Default Rates
	16.2     Calculation of School Cohort Default Rates
16.5     Consequences of High Official Cohort Rates                                 for Schools

Corrects information on closed school, false certification and identity theft discharges included in the cohort default rate calculation and also introduces suggestions for schools regarding what a default management plan might include.
	Federal	Expansion of the cohort default period from a two-year period to a three-year period beginning with fiscal year 2009.	

Batch 190