After the U.S. Department of Education releases draft cohort default rates later this month, schools will have 45 days to examine their cohort rates and determine if some borrowers can be removed from the calculation, potentially lowering the final rates.
If you’re concerned about your cohort default rate, join USA Funds® for a free, one-hour webcast to understand and evaluate your draft rate — and find out how you can take action now to improve next year’s rate.
The “Default Prevention Best Practices” webcast is scheduled from 2-3 p.m. Eastern time on Feb. 19.
During the webcast, USA Funds representatives will discuss the value of:
The webcast also will provide practical best practices and examples of how some schools are using early outreach, financial literacy, regular communication, personal counseling and follow-up to ensure borrowers are successfully repaying their education loans.