This report lists postsecondary schools with official student loan default rates of 25.0 percent or greater for fiscal years (FY) 1994, 1995, and 1996. The listed schools had previously been excluded from the Federal Family Education Loan Program and/or the Federal Direct Student Loan Program due to their high default rates, and this exclusion may be extended for an additional year due to their FY 1996 official cohort default rate. Schools are listed in state order. Provided for each listing is an identification number, school name and address, program length/type/region/district, year/s for which cohort default rates have been calculated, number of borrowers in default, number of borrowers in repayment, default rate, default rate per program, sanction status, and the date that the school may reapply for inclusion in these programs. It is noted that historically black colleges and universities, tribally controlled community colleges, and Navaho community colleges are exempt from these provisions by federal statute and regulation. (DB)