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Student Loan Default Guardrails that Colleges Can Implement Now

Student Loan Default Guardrails that Colleges Can Implement Now

May 8, 2023 | Default Management, News, News Inserts

The student loan repayment pause will end this year. Repayment is likely to resume in September or October. The Supreme Court will make its decision on the Biden Administration’s one-time student loan forgiveness program next month. Student loan repayment will...
Cohort Default Rate Problems

Cohort Default Rate Problems

Apr 10, 2023 | Default Management, News, News Inserts, Schools, Student Loan Repayment Assistance

A Major Problem for Students and Families In January 2022, the U.S. General Accountability Office wrote about significant problems that Federal Student Aid and Federal Servicers would face when repayment was set to resume in September 2022 there will be cohort default...
Cohort Default Rate Measurement in the New Environment

Cohort Default Rate Measurement in the New Environment

Apr 3, 2023 | Default Management

There are several immediate impacts of policy and other changes related to the Cohort Default Rate (CDR) measurement for colleges and universities. Right or wrong, CDR is key to institutional quality ratings. The higher the CDR, the lower the institutional quality....
Student Loan Servicer Layoffs

Student Loan Servicer Layoffs

Mar 31, 2023 | Default Management, Schools, Student Loan Repayment Assistance

Nelnet Announces Plans to Lay Off Over 500 Workers For the second time in the past year, one of the largest student loan servicers in the country is reducing staff. Last week, Nelnet announced layoffs of approximately 550 associates due to a...
Will Student Loan Defaults and Delinquencies Return?

Will Student Loan Defaults and Delinquencies Return?

Mar 13, 2023 | Default Management, News, News Inserts, Schools

Student loan borrowers have enjoyed a three-year reprieve from their student loan payments. Hopefully, many student loan borrowers are in a better place than they were before the pandemic began. Student loan repayment will resume later this summer. Even if the Biden...
Fresh Start Initiative Opportunity to Complete College

Fresh Start Initiative Opportunity to Complete College

Jan 3, 2023 | Default Management, News, News Inserts, Student Loan Repayment Assistance

Fresh Start initiative allows borrowers with federal student loans in default to reenter current repayment and regain access to aid The Fresh Start initiative was announced by the U.S. Department of Education (ED) last April. Fresh Start gives borrowers...
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