Education loan borrowers and schools face a perfect storm of factors — a weak economy, an increase in student borrowing, split-serviced loans and the three-year cohort default rate calculation — that have changed the landscape for default prevention and student success. These new challenges call for a proactive approach to default prevention.
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USA Funds® offers 52 years of default prevention experience and expertise to help schools improve student loan repayment rates, lower cohort default rates and increase program completion rates. From developing and implementing default prevention plans, to supporting communication campaigns that make a real difference in borrowers' repayment success, USA Funds provides a comprehensive array of default prevention and debt management tools and solutions.
USA Funds offers expertise in the following areas:
- Debt management consultation — One-on-one assistance to review, revise, enhance or develop and then implement a plan to meet your specific needs.
- Borrower outreach — Web-based tool and staffing solution to automate and perform borrower communication to promote successful loan repayment.
- Financial literacy education — Student success program that equips schools to teach students basic life management skills.
- Cohort analysis and appeals — Tool helps identify potential cohort default rate challenges and defaulted borrower trends.
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