Earlier today, the Department of Education issued a electronic announcment notifying the public of the new schedule for releasing the Draft Cohort Default Rates. On March 18, 2013, the Department will release the FY 2011 2-year draft cohort default rates. On March 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. On February 3, 2013, the Department announced dates in February for the release of the Draft Cohort Default Rates. On February 20, 2013, however, the Department postponed the release of the Draft Rates.