COVID-19 – Coronavirus Update from Student Connections
Best Practices
Counseling Borrowers: The Blueprint to Avoiding Borrower Default
When you are reaching out and counseling borrowers, it is important to take his or her specific circumstances into account to find the best possible plan, whether it be short-term or long-term. Many borrowers aren’t aware of all of the options available to them. To really make sure a plan for long-term repayment success is…
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ultimate guide to cohort default rates
Best Practices
The Ultimate Guide to Cohort Default Rates
In this ultimate guide to cohort default rates, we provide an introduction to CDRs, the life stages a student loan takes for borrowers, ideas for better communicating your CDR and default prevention strategy, as well as some tips to keeping your institution’s default rate down.
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Career Planning Tools and Evolving Student Priorities
Recently, we surveyed former college students about career-planning tools and their journey through school and preparation for a successful future. We used the survey to: Determine what former students valued in their future career when in college versus what they value now. Gauge what career-planning tools and extracurricular activities students took advantage of, and if…
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Rules and Regulations
If You’re Not Using Data to Prevent Defaults, the PROSPER Act Could Pose a Problem
In December, the Promoting Real Opportunity, Success, and Prosperity through Education Reform (PROSPER) Act was introduced in the House (H.R. 4508). Section 481b, “Programmatic Loan Repayment Rates,” will be of particular interest for those concerned about student loan repayment. As now drafted, the PROSPER Act would replace the current institution-level default rate with a program-level…
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