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

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=cZ4_p1lAH1IJKM&tbnid=Tw_1yeNxEDlIjM:&ved=0CAUQjRw&url=http://www.turningpa.com/seller_questions.php&ei=lcN7Uq62EYTqkAeAwoDgAQ&bvm=bv.56146854,d.cWc&psig=AFQjCNEGp8xx5ohTkkD-SMLL6xcsIfZpuw&ust=1383929050426223