default prevention: a proactive approach to managing your cohort default rate
Post on 01-Apr-2015
218 Views
Preview:
TRANSCRIPT
Default Prevention: A Proactive Approach to Managing
your Cohort Default Rate
EXPECTATIONS
Satisfied with your rate?
Changing from the two year rate to the three year rate calculation
Who needs/wants a plan?
100%
2011
Completed Remaining
74%
26%
2012
Completed Remaining
40%
60%
2013
Completed Remaining
What’s in a plan
• Early Stages of Enrollment
• Late Stages of Enrollment
• After Students Leave School
• Enhanced Entrance and Exit Counseling
• Tools and Activities for Schools
Core elements of a Default Management Plan
1. Entrance Counseling2. Financial Literacy for Borrowers3. Communication Across Campus4. Exit Counseling5. Timely and Accurate Enrollment Reporting6. NSLDS Date Entered Repayment (DER) Report7. Late Stage Delinquency Assistance (LSDA) 8. Loan Record Detail Report (LRDR) Data Review9. Analyze Defaulted Loan Data to Identify Defaulter Characteristics
Implementation
top related