Three Ways to Improve College Retention Rates
64 percent of all students who entered a four-year Bachelor’s degree program in 2014 graduated in six years. (Source: nces.ed.gov and educationdata.org). While that’s an improvement from twenty years ago, it’s not a good sign we measure the success...
Cohort Default Rate Problems
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...
Student Loan Servicer Layoffs
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...
Are Federal Loan Servicers Prepared for Repayment Resumption?
by Balaji “Raj” Rajan Does FSA need Federal Loan Servicers? The answer is a resounding YES! Federal loan servicers and Federal Student Aid (FSA) have a codependent relationship, but tracking their performance and connection has always been murky. After 12...