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Online Catalog
Who
We Are
Default Prevention.com (DefaultPrevention.com), was formed in 1998 to
develop an efficient, economical , secure internet based default prevention
program that integrates all Title IV participants into a single source
for default prevention; additionally to promote awareness and planning
among schools, borrowers, and Title IV particpants. Schools should see
default prevention not only as a means to remain eligible to participate
in Title IV programs, but also to serve their student loan borrowers.
Even though this internet based program was created on the principle
that students come first, the value of lowering the default rate to schools
should not be downplayed. The loss of federal aid affects both institutions
and students.
This program is designed to work as a complete full service default prevention
entity or to allow institutions to utilize the DefaultPrevention.com infrastructure
supported by institutional resources. In addition, DefaultPrevention.com
provides training to help schools implement the plan, or parts of the
plan. Schools should also remember that once a default rate is under control,
maintenance is required to keep it that way. The DefaultPrevention.com
plan, included at the end of this document, provides an example of a successful
default prevention program.
FLOOR PLAN FOR SUCCESS
Mission Statement
It is the mission of DefaultPrevention.com (DefaultPrevention.com),
to provide *Front-End Driven , **Back-End Supported, web based default
prevention systems and services to the higher education community and
qualified Title IV participants, in order to positively impact the repayment
of student loans.
*Front End Driven- Front end processes are driven
by institutional staff and currently attending students. In addition
to entrance interviews, all incoming students are required to provide
5 personal references which are verified; additionally, financial aid
personnel will use a national default prevention historical database
to log phone numbers, addresses, references, and related notes which
then become available to other qualified Title IV participants.
** Back End Supported- Back end support provides
the necessary resources to carry out a successful default aversion plan
by utilizing the data provided during the front end process. Including
all communications with students, lenders, guarantors, servicers, and
institutional departments.
Data
is Everything
Getting to know individual students is a must. Ensuring that accurate
data is collected, most importantly obtaining a minimum of 5 valid references,
see "Reference Sheet".
Collection and maintenance of current and historical student demograhpic
information is paramount to a successfull default prevetion program. Many
schools wait until it is too late to determine their student information
is inadequate. The time to validate and verify student information is
during the student's attendance. References should all be verified via
a verification letter sent via U.S. Postal service. Students must be made
aware of this procedure up front. On many occasions references will contact
the school in regards to the reference letter and indicate their support
for the student.
NOTE: "You get what you inspect, not what you expect."
High risk students are likely to provide references that are invalid.
Students must be made aware that their references will be verified; therefore,
students should be encouraged to take extra time in completing the reference
sheet accurately.
"Emergency Contacts", Students first day of attendance is filled with excitement
and anticipation. Schools should use this as an opportunity to complete
additional references via an "Emergency Contacts" form. Amazingly,
these references are many times unique from those provided on the Reference Sheet.
Additionally, it is important for financial aid officers to know the
student population in general, as well as the institutional and demographic
variables of student loan defaulters.
Who are your Students
• Analyze the student population.
o Enlist the aid of professional statisticians on the faculty or at
a guaranty agency.
o Request student data from the school's computer center or from a
guaranty agency.
• Identify any common characteristics between:
o Defaulters and non-defaulters, and
o Borrowers and non-borrowers.
• Examine institutional variables including:
o GPA
o Income,
o Year in college,
o Class, and
o College entrance scores.
• Examine demographic variables, such as:
o Student population by county,
o County employment and unemployment rates, and
o Per capita income by county.
Look at your student data on regular basis
Title IV Participants-Lenders and Servicers
• Track the performance of each servicer and lender.
o Use DefaultPrevention.com's lender and servicer cohort default rate estimates to:
o Benchmark servicers on their default rate, and
o Benchmark lenders on their default rate.
• Compare the performance between servicers based upon:
o The number of claims filed per month, and
o The number of claims paid per month.
• Identify problem areas.
• Identify "best practices" among servicers.
• Open a dialogue with servicers and lenders, communicate your data
via your National Student Reference Database System (NSRDS), web site
interface.
Compare apples to apples and
apples to oranges
• Track the performance of the university, college, or proprietary
school's default management plan.
o Benchmark the institution's default rate with similar institutions.
Gather data from
o DefaultPrevention.com's reports (www.defaultprevention.com) and
o The Department of Education web site (www.ed.gov).
o Identify how differences between the institutions related to differences
in the default ratios.
o Track the present cohort default rate using the following calculation
(for schools with more than 30 students entering repayment):
Numerator
_________________x 100
Denominator
Numerator = Number of students who entered repayment during the
fiscal year and defaulted within that fiscal year or the subsequent fiscal
year
Denominator = Number of students who entered repayment during
the fiscal year.
o Project future rates using DefaultPrevention.com's Estimated Cohort Report (ECR)
to take action to minimize the default rate. A ECR lists all borrowers
at a school who entered repayment during a specified fiscal year and
provides repayment status for each borrower. Quarterly ECR's are available
in the reports section online at www.defaultprevention.com/
Address High Risk Students
• Reallocate a portion of state and institutional grants to award
potential defaulters.
• Reallocate a portion of work-study funds to award potential defaulters.
• Promote scholarships.
• Promote conservative borrowing.
• Offer comprehensive counseling services:
o Meet one-on-one with potential defaulters who are requesting loans
in order to limit debt by determining the student's eligibility for
other gift aid such as:
o AFDC exemptions
o State or institutional grants
o Scholarships
o Work-study, and/or
o Educational aid exemptions
• Identify the "real costs" of a higher education.
• Prepare a realistic budget with the student.
• Discuss expenses and money-saving strategies.
• Analyze salary surveys.
Hire an "Owner"
(Someone who will take ownership in your default
rate)
Every financial aid office should hire/assign a full/part
time professional to function as a default prevention officer. Ownership
of the default rate should be discussed and this person is responsible
for researching and forecasting default rates. Ownership is nothing
more than accountability.
General Job Description
- The designated default prevention officer should take ownership in
your School's default rate. This can be a part/full time person depending
upon the size of your School. The duties of the this person may include.
- o Administer the institution's default prevention program;
- o Serve as a financial aid advisor for an assigned caseload of
student aid recipients;
- o Serve as a liaison between the office of student financial aid
and other campus departments, parents, and outside agencies such
as student loan lenders, servicers, guaranty agencies, and the Department
of Education (ED);
- o Render decisions and oversee processes requiring initiative
and judgment in responding to the individual needs of students;
- o Develop the information needed to prepare reports required by
financial aid programs;
- o Counsel and advise students regarding their financial options
and responsibilities;
- o Supervise employees in administration of the school's default
prevention program;
- o Manage pre-claims assistance efforts such as telephone and letter
campaigns;
- o Handle pre-loan and exit-loan counseling and implement enhancements
to the procedures;
- o Supervise and perform statistical analysis for internal and
external reporting;
- o Track the school's cohort default rate;
- o Interpret and implement regulations set forth by ED and state
guaranty agencies; and
- o Oversee the timely completion of deferments and enrollment history
requests by working closely with the registrar's office or assuming
the responsibility in the financial aid office.
• The position recommends
the following education:
- o A bachelor's degree in a field related to the default prevention
program, such as business, communications, or social work. Or substantial
financial aid experience.
• Position experience should
include:
- o Two to three years experience in the appropriate field of the
program with two years of responsible administrative experience.
- o Preferred two to three years experience in student financial aid
loan programs and related outside agencies such as lenders, servicers,
guaranty agencies, and ED.
- o Working knowledge of internet, email, instant messaging, internet
browser, database, spreadsheet, and presentation software as well
as computer hardware.
• The Default Prevention
Officer must possess the following skills:
- o Excellent writing skills,
- o Communication skills,
- o Interpersonal skills, and
- o Organizational skills.
• The Default Prevention
Officer must be able to:
- o Analyze data,
- o Forecast and plan,
- o Work under pressure,
- o Solve problems, and
- o Accept and implement change.
Educate your Borrowers
Providing comprehensive entrance and exit counseling sessions
is an excellent way to educate students on the rights and responsibilities
of borrowing a student loan. This type of interactive session creates
an environment in which the borrower can ask questions and voice concerns.
Requiring students to attend yearly review sessions will reinforce the
information covered during the entrance counseling session.
Spruce up your Entrance Interviews
• Invite loan specialists, lenders, and servicers to present at
the sessions.
• Distribute materials containing loan information to the borrowers
for future reference.
• Delay certification of loan applications until first time borrowers
have attended a session.
• Offer sessions intermittently throughout the semester to promote
attendance.
• Offer one-on-one entrance counseling to students who cannot attend
group sessions.
• Use entrance counseling features on
http://www.mapping-your-future.org/services/oslchow.htm .
• Test borrowers at the end of the session to identify students
who may need additional counseling.
• Use test results as an indicator that all relevant information
is being covered during the session.
• Discourage multiple lenders and guarantors.
• Provide students with disclosure
statements that contain the following information:
- o Cumulative amount borrowed,
- o Estimated interest, and
- o Estimated monthly payment.
- • Provide students with loan summaries.
- • Update students on changes in financial aid office procedures.
- • Remind students of their rights and responsibilities.
• Gather updated information from students, including:
- o New addresses and telephone numbers,
- o Changes in their permanent addresses,
- o Reference information, and
- o Employment information.
• Cover the consequences of default.
• Allow borrowers to use online entrance counseling sites offered
by lenders and servicers, go to
http://www.mapping-your-future.org/services/oslchow.htm .
Delinquent
Borrowers- Talk to Them
• Counsel and assist delinquent and/or defaulted borrowers either
in person or over the phone.
• Act as a liaison between the student and the lender, servicer,
and/or guaranty agency.
• Facilitate the completion of documents such as deferments and
forbearances.
• Educate delinquent borrowers
on repayment options:
o Standard repayment plan,
o Graduated repayment plan,
o Income sensitive repayment plan,
o Repayment incentives offered by servicers, and
o Consolidation.
• Educate defaulted borrowers
on repayment options:
o Regaining eligibility for Title IV aid,
o Loan rehabilitation, and
o Consolidation.
Counsel excessive borrowers
(to be defined by the individual
institution) on a one-on-one basis about:
o Responsible borrowing
o Budgeting
o Debt management plans
o Repayment options, and
o Salary expectations
Exit Counseling
• Invite lenders and servicers to present at sessions.
• Include and emphasize the correct procedures transfer students
should follow when notifying their lenders that they have transferred
and in filing deferments.
• Provide students with a loan summary that includes the names and
phone numbers of lenders, servicers, and guaranty agencies.
• Offer one-on-one exit counseling to students who cannot attend
group sessions.
• Let students know they can call the school for assistance; provide
them with the name and phone number of a contact person.
• Verify that all exit interview forms are completed in full.
• Administer an exam at the end of the session to identify students
who may require additional counseling.
• Send borrowers a letter or brochure during their grace period
reminding them of their rights and responsibilities and listing phone
numbers to call for assistance.
Frequent
Updates
ONLINE DATABASE WITH
ALL CHANGES IN:
- ADDRESS -
- PHONE NUMBERS -
- REFERENCES -
Title IV Partnerships Your Key to Success
For an institution to combat a default rate problem, it must have the support of its own campus
in addition to lenders, servicers, and guaranty agencies. Forging alliances facilitates efficiency,
learning and promotes progress.
Your data is now available to your lenders, and guarantors
via your web-based online default prevention program.
www.defaultprevention.com
THIS IS HUGE!
Partnerships and Alliances
College Departments
Study Your Data Regularly
Registrars Office
Lenders
Placement Office
Servicers
Guarantors
ED
Close the Gap with Other Campus Departments to Promote
Default Prevention
• Emphasize to the registrar's office the importance of cooperating
in a timely manner to complete deferments, enrollment histories, and skip
tracing requests, address changes, etc...
• Ensure that every department utilizes www.defaultprevention.com
for updates of student addresses, phone numbers, personal references,
etc....
• Make default prevention a priority for the entire financial aid
office by educating all departments.
• Invite placement office counselors to present at exit sessions.
Partner
Up with Outside Agencies to Promote
and ASSIST in your Default Prevention
• Each lender and servicer must be willing to use National Student
Reference Data System(NSRDS) in their skip tracing efforts, this is paramount
to a successful economical default prevention program.
Take advantage of services offered
by lenders, servicers, and guaranty agencies such as:
o Online account access
o Electronic delinquent borrower reports
o Online entrance and exit counseling
• Assist with skip tracing activities, via NSRDS.
• Develop a relationship with guaranty agency representatives to
communicate any special needs in dealing with delinquent or defaulted
borrowers.
• Provide the servicer and guaranty agency with the front end to
you data. Inform them of their ability to access your data via www.nsrds.org.
• Assign a "Hot Line" person to process and expedite special
situations that require immediate attention. Example, forbearance and
deferments on students about ready to default.
Be a Techie
Effective use of technology simplifies
processes, which in turn saves time and labor.
• Use the online reports offered by www.defaultprevention.com.
• Log on to the National Student Loan Database (www.nsldsfap.ed.gov)
for student information.
• Learn and use instant messenger services; i.e., Messenger,
AIM, ICQ.
You may decide to use these services for inter-office messages.
• Consider placing "live help" on your website for student
inquiries
• Gain user id's and passwords to each lender and servicer web access
site.
Cyber Connections
Get Them or Bust
• Create a financial aid web page for students to view and use as
a reference, with forms on line. Or go to www.defaultprevention.com
for appropriate links.
• Provide links for students to other financial aid and scholarship
sites.
• View and print loan summaries from Adventures in Education
(www.AdventuresInEducation.org)
to distribute to students at exit counseling sessions.
• Download default reports offered by lenders and servicers.
• View and print account information from servicers who offer this
information over the Internet.
• Download and print deferment and forbearance forms, or
go to www.defaultprevention.com
on line .
• View and use Estimated Cohort Default Reports to identify delinquent
and defaulted borrowers to begin default prevention efforts.
• Provide computers for students to use, either in the lobby of the financial aid office
or in a lab setting, to access their account information online.
E-mail - The Only Way to Communicate
• Ensure that all financial aid personnel have and use institutional
email addresses.
• Disallow use of second tier email addresses; i.e, aol, msn, yahoo,
hotmail.
• Upon termination ensure that all emails are forwarded to the administrator.
This ensures that future emails are opened and read by a supervisor.
• Use e-mail to communicate with borrowers and/or parents in the
form of newsletters on a semester basis. • Ask the school's administration to allow students to use their school
e-mail addresses for up to two years after leaving school to keep in contact
with borrowers, if applicable to your campus.
• Encourage students to use e-mail as a way to communicate with
financial aid office staff.
• Instant messaging, get it, learn it, because it's coming to your
school soon.
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: We provide you with web access
and electronically download your delinquent borrower reports. You
provide the labor and resources 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, up to 20 users.
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 |
675.00 |
225.00 |
51-100 |
825.00 |
275.00 |
| 101-150 |
975.00 |
325.00 |
| 151-200 |
1125.00 |
375.00 |
| 201-300 |
1425.00 |
475.00 |
| 301-400 |
1725.00 |
575.00 |
| 401-500 |
2025.00 |
675.00 |
| 501-750 |
2475.00 |
825.00 |
| 751-1000 |
2925.00 |
975.00 |
| 1001-1250 |
3375.00 |
1125.00 |
| 1251-1500 |
3825.00 |
1275.00 |
| 1501-2000 |
4575.00 |
1525.00 |
| 2001-3000 |
5325.00 |
1775.00 |
| 3001+ |
6075.00 |
2025.00 |
* 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 |
$50.00 hour |
4 hours free($50.00/hr thereafter) |
3 |
$75.00 hour |
2 hour free ($50.00/hr thereafter) |
Challenges and Appeals
are available on case by case basis. Email mattk@defaultprevention.com
for consultation and quote.
Case Study
I. Case Study-Cohort Problem
1996
A nationwide mulit-campus Financial Aid Office is in crisis due to the
FY 1996 Cohort Default Rate of 17.3%.
_________________________________________________
| Year |
Repayment |
Defaulted |
Rate |
| 1996 |
75 |
13 |
17.3 |
II. Case Study -Current Program Analysis
• No designated default prevention specialist existed.
• Default prevention plan existed with minimum requirements.
• Partnerships with Lenders and servicers was non existent.
• Electronic communications of default related reports were unavailable.
• Internet access from financial aid office was insufficient.
• Reference gathering and verification techniques were not being
used.
III. Case Study-Solution
Default Management Plan
Internet based default
prevention application |
Gather and verify 5 personal
references. |
Assign a default prevention
person |
Build partnership with
lender and servicer |
The College employed the services of Default Prevention, Inc. to implement
a proactive approach to default prevention at their Las Vegas campus to
include emphasis in the following main areas:
Additional modifications included:
A. Change packaging philosophy:
- 1. Offer a grant in lieu of a loan for entering freshman first-time
borrowers, since the statistical analysis proved freshmen were responsible
for a high percentage of defaults.
- 2. Do not award students Perkins loans and Stafford loans in the same
award package (unless documented professional judgment is included).
B. Personnel were assigned as
:
- 1. Default Prevention Officer, (10 hours per week).
C. The responsibilities of the
default prevention area were enhanced to include:
1. Comprehensive counseling services for borrowers:
o Entering freshmen One-on-one debt management counseling conducted
with entering freshman first-time borrowers; students are encouraged
to borrow conservatively and to use student loans as a last resource
of financial assistance.
o Excessive borrowers
o Delinquent and defaulted borrowers.
o Provide pre-claims assistance to students to prevent technical defaults
(i.e., provide deferment forms).
o Promote grants, part-time jobs, and scholarships.
2. Use of delinquency/default information tracking tools:
o Use DefaultPrevention.com’s monthly Default Prevention Estimated Cohort Reports.
3. Generation and printing of delinquent borrower letters. The students
who appeared on these lists are called and offered assistance in dealing
with their delinquent loans .
4. Generation and printing of monthly delinquent letters. Letters included
a listing of the consequences of default, as well as the name and phone
number of the servicer the student needs to contact, were sent to delinquent
students.
5. Phone calls to delinquent borrowers.
o Calls were made to students who are 150-days and above delinquent
to offer them assistance and guidance related to their delinquent loan.
o Calls were also made to references.
Download
Electronic Delinquent Borrower Reports |
Send out delinquent borrower letters. |
Generate monthly estimated cohort reports. |
Skip trace students: |
6. Improvements in the process for Deferments/Enrollment Verification
requests. The financial aid office assumed the processing of deferments
and forbearances that previously were filed by the admissions office to
ensure completion in a timely manner.
7. Processing change-of-address requests from lenders, including re-sending
returned mail.
D. Alliances built with guaranty agency, lenders, and servicers:
1. Obtain lenders that will cooperate with electronic and customer
service issues.
o Eliminate lenders that will not accommodate student forbearance
deferment requests online.
3. Guarantors:
o Obtain guarantors that provide a monthly delinquent borrower report,
cumulative.
E. Electronic linkages/Internet access:
1. Gain user ids and passwords to all Title IV participants that service
the students.
2. Provide all financial aid staff with internet access.
3. Access to the Internet is an important tool DefaultPrevention.com uses to fight default.
- o Borrower information is available at DefaultPrevention.com.
- o Access to borrower data from lenders/services.
- o Delinquent borrower reports on line at DefaultPrevention.com.
F. Enhanced entrance and exit
loan counseling
1. Lenders and servicers are involved in loan counseling
sessions.
2. Pre-loan counseling sessions provide more information
on the Stafford Loan Program and emphasis is placed on the responsibility
of the borrower.
3. Certification of first-time borrower loan applications
is delayed until a student successfully completes a pre-loan counseling
session, AND 5 VERIFIED REFERENCES, see form on next page.
4. The pre-loan test is continuously reviewed for enhancements
to test a student's knowledge of a borrower's rights and responsibilities.
5. A student must pass the test to receive credit for attending
the pre-loan counseling session.
6. Exit counseling sessions have been improved to provide
more information on a student's rights and responsibilities once he or
she enters repayment.
7. At the beginning of the exit loan counseling session,
a student is given a summary of his or her loans printed from DefaultPrevention.com's
web site.
8. At the end of the exit counseling session, students take
a test that helps to identify those who may need additional counseling.
IV. Case
Study -Results
- Default prevention intervention techniques generally take two full cohort reporting periods to
see results. As in the above case study, procedures and policies that were implemented in 1996
and 1997 impacted the default rates in 98 and 99. Schools should not look for immediate
cohort improvements. Immediate results can be viewed in the number of delinquent borrowers
showing up on reports and how those delinquent borrowers are progressing towards claims status.
- Since DefaultPrevention.com's default management plan was implemented, there was a 93 percent decrease
in the default rate in the last four years and a net decrease of 16.2 percentage points.
- This is a dramatic improvement and each school will experience different results. Past
performance is no guarantee for future performance
Example of Delinquency Progression
Good Trend
Good Trend: Illustrates students entering delinquency status in the early stages and then
falling off as they progress towards default.
Bad Trend
Bad Trend: Illustrates students entering delinquency status at the same pace; however, they
are all progressing towards default at an equal pace.
V. What's Ahead
- DefaultPrevention.com will continue to evaluate and analyze its default prevention area to improve its success
in addressing the issue of default prevention. Current ideas being considered include:
- • Developing teleprompting for data input and retrieval from voice recognition
software.
- • Creating online debt management seminars for DefaultPrevention.com students.
- • Automating deferments and enrollment history process.
- • Providing instant messaging capabilities for all members.
- • Continuing to build alliances with other agencies in the student loan industry.
National Student Reference Database System
NSRDS
-Partner Front Door to Data: NSRDS.org should
be considered the front door to your data for your authorized Title IV
partners.
-School Front Door to Data: DefaultPrevention.com
should be considered the schools front door to their data, and default
prevention program.
Development: DefaultPrevention.com has developed a highly effective,
and secure, website for the purpose of allowing approved parties access
to borrower information via an internet connection. Internal and external
resources are utilized to accomplish this goal. Database populations are
imported from institutional data transfers and disseminated to DefaultPrevention.com
participants via www.defaultprevention.com
and www.nsrds.org .
Deployment/Training: Deployment the NSRDS product are as follows:
1. Database population are imported from participating DefaultPrevention.com institutions.
2. Training at the institutional level on read/write and data entry, by DefaultPrevention.com.
3. Institutional lenders, guarantors, servicers are contacted by the
institutions regarding their participation in NSRDS.org.
Security:
1. Data Security: The most current encryption tools are used to safeguard the data.
Secure servers and experienced providers will host the site.
2. User Interface: Participants will have to be approved prior
to accessing the data.User ID's and passwords are assigned to approved
individuals.
3. Browser Compatibility: 128 bit cipher strength required, Explore
6+ recommended.
Replication: Replication of NSRDS is as simple as an institutions
decision to adopt this tool as part of their default aversion policies
and procedures. DefaultPrevention.com then imports their data and
the site provides tutorials and help screens to walk users through the
different areas of the site.
Innovation: Innovation is the driving force behind NSRDS. Data driven websites are on
the forefront of website development. Dynamic websites are those sites that allow read/write
abilities over the internet. This technology in the Title IV community has been available for some
time; however, an institution's ability to allow others access to their borrowers data has been non existent.
Having access to information is key to any default aversion program, at every level.
Communication of borrower information is the frontline of default aversion programs, and NSRDS allows real
time access to data on the desktop. The ability or inability to obtain information from all parties is
directly related to defaults.
Is NSRDS associated with NSLDS ?
No! They are completely separate. Whereas NSLDS is a government entity; NSRDS is a
private undertaking relying on the voluntary interaction of FFELP participants.
REPORTS
Reports Link
Estimated Cohort Reports
These reports can be used to:
- Define a repayment cohort and calculate a cohort default rate.
- Monitor a school’s month-by-month cohort default rate progress.
- Help to forecast a school’s cohort default rate.
- Identify delinquent borrowers for targeting with default prevention resources.
- Contact borrowers using the address and phone number information. Click
on each status for a detailed list of students.
• Estimated Cohort Report by SUMM
• Estimated Cohort Report by ALPHA
• Estimated Cohort Report by STATUS
• Detail Status (delinquency) Report
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