USA Funds Reports
USA Funds® offers several reports to assist schools with their default-prevention efforts. The reports are available to view and print online through DocumentDirect for the Internet (DDI). Schools need a ViewDirect recipient ID and password to access these reports. To sign up for this service, contact electronic services through e-mail or by phone at (800) 348-4606. Some of the reports available to assist schools with their default-prevention efforts include:
- The Delinquent Borrowers by School Report (AVPBRS08)
lists delinquent borrower, cohort and pre-claim assistance information. The
report will list only delinquent borrowers who may affect the school’s cohort
default rate. An alternative version of this report also is available in an
ASCII delimited format for schools that prefer to download data into a
software program such as Excel or Lotus. The ASCII report is labeled on DDI as
AVPBRS08A.
- The Borrower Debt-Management Roster (MRPBRA27) lists
students who are anticipating graduation at a specific school for the upcoming
semester, quarter or month. Schools use the roster to track students for exit
interviews and can receive the report bi-annually, quarterly or monthly.
- A Borrower Debt-Management Information Form (MRPBRA26) provides schools with individual student-borrower reports. The information form lists basic student demographic and loan information for financial-aid professionals to share with students during exit counseling.
USA Funds Debt Manager
USA Funds offers a Web-based
default-prevention tool to assist schools in contacting their student-loan
borrowers. USA Funds Debt
Manager® tracks
borrower and loan information, permitting schools to carry out customized letter and telephone campaigns to their borrowers. USA Funds Debt Manager is designed to enhance schools' efforts to reduce cohort-default rates.
U.S. Department of Education’s Cohort Rate Guide
The U.S. Department of Education published the “Cohort Default Rate Guide” in August 2001 as a tool to help schools understand and manage their individual cohort default rate data.
National Student Loan Data System
The National Student Loan Data System offers schools a “Repayment Information” screen. Schools are able to inquire about individual borrower repayment information and track the school’s cohort default rate.