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Best Practices
Proactive Default
Prevention vs. Reactive
When it comes to default prevention, it’s best to incorporate both
proactive and reactive strategies into your plan. We explain the differences between
proactive default prevention and reactive strategies your institution can put to use for
upcoming cohort years.
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Our Team
What a year
it’s been. Time flies when you’re doing what you love!
It’s been a while since we’ve posted an update on the great things
happening at Student Connections, but it has been an extremely eventful year! As you may
know, Loan Science acquired Student Connections from Strada Education Network in June of
2018. We’d like to take a moment to reflect on our growth and share with…
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Best Practices
Student
Loan Default Prevention in the Modern Era
The challenges facing student loan borrowers have not changed over
time. However, the solutions designed to help these borrowers have changed dramatically.
The rules have also changed. Back in the day, deferments and forbearance were the
primary tools used to help borrowers resolve their delinquency and avoid defaulting
(temporarily at least). Those days are long…
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Best Practices
Grace Period
Outreach & Counseling Best Practices
There’s an ancient proverb that says the journey of a thousand
miles begins with a single step. At Student Connections, we believe that getting student
loan borrowers off to a great start as they leave school sets them up for success as
they start repayment. And that means it’s critical that you work with your…
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Best Practices
34 Must-Have
Questions in Your Default Prevention Request for Proposal
When it comes to requests for proposal (RFPs) and other formal
procurement solicitations for default prevention, the process is often labor intensive
for issuers and respondents. Whether it’s ensuring compliance with general purchasing
procedures or assessing responsiveness to pricing and scope, there is a lot of
information to weigh, often in a limited amount of…
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