Service Fees
Default Prevention.com provides
you with two service options.
1. Full Service: We do everything.
(Recommended for schools with an official cohort rate above 17.9%).
We provide the plan, labor, resources, skip tracing efforts, correspondence
resources, etc.)
2. Platform Service: You
provide the labor, we provide the platform. We provide you with
web access and electronically download your delinquent borrower reports.
We ogranize your data and disseminate that to you via our data driven
web site. (click
for video). You provide the labor necessary
to carryout default prevention activities. (Ideal for schools with a
designated institutional default prevention person combined with three
consecutive official cohorts under 15%). .
a. Site access, single user included ($50.00/month each addtional user).
b. Database access.
c. Training and support, (see support schedule).
d. Electronic monthly delinquency data import.
e. Daily delinquency reports.
f. Daily cohort reports.
g. Daily loan status reports.
h. Full web site and data access.
Monthly Fees
Currently
Attending |
Full
Service |
Platform
Service |
| 0-50 |
825.00 |
275.00 |
51-100 |
975.00 |
325.00 |
| 101-150 |
1125.00 |
375.00 |
| 151-200 |
1425.00 |
475.00 |
| 201-300 |
1725.00 |
575.00 |
| 301-400 |
2025.00 |
675.00 |
| 401-500 |
2475.00 |
825.00 |
| 501-750 |
2925.00 |
975.00 |
| 751-1000 |
3375.00 |
1125.00 |
| 1001-1250 |
3825.00 |
1275.00 |
| 1251-1500 |
4575.00 |
1525.00 |
| 1501-2000 |
5325.00 |
1775.00 |
| 2001-3000 |
6075.00 |
2025.00 |
| 3001+ |
call |
call |
* The Resource Factor is determined to be an approximation
of the anticipated amount of labor and resources utilized to perform
full default prevention services as outlined in the default prevention
plan. Resource Factor is currently (3.0). For example, resources and
labor relating to the following:
1. Data entry.
2. In school servicing of references and reference verifications.
3. Grace period servicing.
4. Delinquency servicing, written and verbal.
5. Skip tracing services, written and verbal.
4. Forbearance/deferment processing written and verbal.
The costs of implementing a sound default prevention program
vary depending on which default prevention tools the institution chooses
to implement. Costs fall into two categories:
• Resource expenses associated
with developing the default prevention program:
o Workstations equipped for internet access
o High speed data connections, internet access
o Training
• Resources associated with
the day-to-day operation of the default prevention program:
o Personnel costs such as wages
o Supplies
o Paper
o Envelopes
o Postage, and
o Postcards
o Overhead costs
o Telephone service
o Long distance
o Utilities
o Maintenance
o Training and Support
Training and Fees
Default Prevention.com provides you with training and
support according to the following schedule. The system is simple to
use and most schools are up and running well within the first month.
Month |
Infrastructure |
Comprehensive |
1 |
Free |
Free |
2 |
$75.00 hour |
2 hours free($100.00/hr thereafter) |
3 |
$100.00 hour |
2 hour free ($100.00/hr thereafter) |
Challenges and Appeals
are available on case by case basis. Email mattk@defaultprevention.com
for consultation and quote.
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