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Best Practices
Counseling Borrowers: The Blueprint
to Avoiding Borrower Default
When you are reaching out and counseling borrowers, it is
important to take his or her specific circumstances into account to find the best
possible plan, whether it be short-term or long-term. Many borrowers aren’t aware of all
of the options available to them. To really make sure a plan for long-term repayment
success is…
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Best Practices
The Ultimate Guide to Cohort
Default Rates
In this ultimate guide to cohort default rates, we provide an
introduction to CDRs, the life stages a student loan takes for borrowers, ideas for
better communicating your CDR and default prevention strategy, as well as some tips to
keeping your institution’s default rate down.
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Trends
Career
Planning Tools and Evolving Student Priorities
Recently, we surveyed former college students about
career-planning tools and their journey through school and preparation for a successful
future. We used the survey to: Determine what former students valued in their future
career when in college versus what they value now. Gauge what career-planning tools and
extracurricular activities students took advantage of, and if…
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Rules and Regulations
If You’re Not Using Data to Prevent
Defaults, the PROSPER Act Could Pose a Problem
In December, the Promoting Real Opportunity, Success, and
Prosperity through Education Reform (PROSPER) Act was introduced in the House (H.R.
4508). Section 481b, “Programmatic Loan Repayment Rates,” will be of particular interest
for those concerned about student loan repayment. As now drafted, the PROSPER Act would
replace the current institution-level default rate with a program-level…
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