Default Prevention Program
Through this program, we contact your list of delinquent students
(30-days or more), educate and advise them of our delinquent repayment program.
We do not act as a collection agency, but rather as a helpful
service to assist delinquent loan borrowers to get back on
track with their payments. In many cases, we can find a way
to lower their payments and resolve the delinquency before
it goes into default. Sometimes, just by talking with the
students, we find that they were simply misinformed or unclear
on some aspect of the repayment and can be easily returned
to current status. In other cases, repayment has become a
hardship and loan consolidation is an option that can reduce
their monthly payments.
Our experienced loan specialists speak with your graduates.
Our professional loan specialists have heard just about everything
when it comes to student loans and they can help. In some
cases, we can offer consolidation as a solution.
It may have been a long time since the students participated
in the exit interview or, they may have thought that it wouldn't
pertain to them. Now that they have been in repayment, and
have fallen into delinquency, offering them a chance to better
understand their rights and obligations can really help. In
almost 100% of the delinquent cases we have dealt with, the
students simply didn't know or understand their rights and
obligations of loan repayment. This personalized "brush-up"
consultation can greatly reduce delinquent loan borrowers.
There's no doubt that the earlier you address delinquency,
the better the results. The closer your delinquent loan borrowers
get to default (at 271 days), the harder it is to return them
to current status. As soon as you are aware of students in
delinquency, you can gently guide them back to current with
this Default Prevention Program. Our loan specialists provide personal one-on-one
counseling and offer advice to the students. Our success rate
can be measured by virtually eliminating the delinquency in
the schools we've worked with to date.
It's important to note that a delinquent loan can be consolidated
but a defaulted loan can not, except under certain circumstances.
Could the reason that your students are delinquent be that
the payment is too high for their budget? If consolidating
can help get them back on track, the sooner they do so, the
better. A loan defaults on the 271st day of delinquency. Sometimes,
consolidation can resolve many of the delinquency issues,
but if it is not addressed, default is inevitable.
We offer this service to the schools for free. In many cases,
the students choose us as their loan consolidator, but it
is not required. We perform this service as part of our philosophy
to help the schools lower their default ratio and to aid the
students in fulfilling their student loan repayment promise.
We believe that educating the students on the federal loan
program is what is lacking and we are willing to fill the
gap for mutual benefit.
Request more information.
