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Address student loan debt issues with a holistic approach
Rising levels of student loan debt – now in excess of $1 trillion – are generating national concern from lawmakers, regulators, the news media, higher education leaders and especially from prospective, current and former college students and their families. Although the most recently reported federal student loan default rate showed slight improvement, nearly 14 percent of all student loan borrowers still default on their loans within the first three years of repayment.
USA Funds® provides colleges and universities with a complete default prevention solution through the USA Funds Borrower Connect Advantage™. This solution helps postsecondary institutions analyze relevant student loan data, contact and counsel their student loan borrowers, and track the activities and results in real time.
With USA Funds support, Truckee Meadows Community College in Reno, Nev. took a holistic approach to default prevention and debt management, including personal finance education, borrower outreach and the use of analytics to target its efforts.
Take a holistic, data-driven approach to your student loan debt issues.