Team Approach
Default Mgmt. Plan
The Web
Teaching Students
Partnering
Table of Contents
Home |
Work Closely with External Partners to Promote Default Prevention
- Take advantage of services offered by guaranty agencies, lenders, and lender servicers such as:
- Supplemental due diligence.
- On-line account access.
- Default management reports.
- On-line entrance and exit counseling via the Web.
- Invite industry experts in to train financial aid office staff on default prevention methods.
- Assist with skip tracing activities.
- Develop a relationship with guaranty agency default prevention or claims and collections representatives to facilitate communication of any special circumstances pertaining to delinquent or defaulted borrowers.
- Provide the guaranty agency, lender, and lender servicer with the name and phone number of a contact person at the school who can assist with the immediate completion of deferments, enrollment histories, or skip tracing.
- Request the assignment of a contact person for the times when circumstances require that the processing of forms be expedited in order to prevent default.
©Adobe Pagemaker Clipart Library
Back to Top
|