Earlier today, the Department of Education issued a electronic announcment notifying the public of the schedule for releasing the Draft Cohort Default Rates. On February 19, 2013, the Department will release the FY 2011 2-year draft cohort default rates. On February 25, 2013, the Department will release the FY 2010 3-year draft cohort default rates. These rates are released to institutions of higher education (as well as lenders and guaranty agencies). Final rates are released in September.