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 may therefore be excluded for the first time from participation in 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 rates. A listed school's participation in these programs will end 30 days after receiving notification, unless the school submits an appeal. Schools are listed alphabetically by state. Provided for each listing are 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, and default rate per program. 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)