Education Department Senior Official to Discuss FY 2009 Cohort Default Rate on National Press Call Today

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U.S. Deputy Under Secretary of Education James Kvaal will host a press call today at 12:30 p.m. ET to discuss the official FY 2009 2-year cohort default rate, which has risen to 8.8 percent, up from 7.0 percent in FY 2008. He will also discuss steps the Department has taken to help students manage their debt and ensure that taxpayer funds are being used well.

Media who are interested in joining the call may dial 800-857-5008.