Overview
Student Loan Assistance works with its institutional partners to develop in-house strategies for loan management and default prevention, helps enhance the entrance and exit interview process and then begins its pro-active borrower counseling program within a week of receiving information that a borrower has withdrawn, dropped, graduated or dropped to less-than-half-time status.
On an ongoing basis, SLA provides its clients with updated tracking information on the borrowers resident in our database through a variety of standard reports. These reports help keep a pulse on the status of the borrowers who have been submitted to SLA and our efforts on their behalf.
- Review admissions procedures
- Focus on retention
- Frequent communication, highlighting student loan basics
- Extensive follow-up throughout coursework
In-House Strategies
- Review materials and methods
- Incorporate demographic updates frequently
- Introduce SLA as a FREE resource to students
Enhanced Entrance/Exits
- Establish electronic data exchange format
- Develop monthly initial submission process
- Ensure ongoing updated data is tracked and submitted
Data Submission
- Cohort Calculation
- Aversion/Cure
- Aged Delinquency
- Skip trace and missing data