 Debt-Management PerspectivesUSA Funds Records Reduction in Loan-Default Rate
USA Funds® has recorded a decline in its most-recent student-loan default rate. According to final cohort-default-rate figures released by the U.S. Department of Education, USA Funds’ default rate fell to 4 percent of the borrowers who entered repayment during fiscal 2005, a decline from the 4.8-percent rate that USA Funds recorded for the previous cohort of borrowers. Learn more.
Six Tips for Quick, Effective Default-Prevention Communication
Carole Ann Simpson, a USA Funds debt-management consultant, offers financial-aid administrators suggestions about how to implement an efficient default-prevention communication plan for student borrowers. Read more.
Washington ReportCongress Approves More Than $20 Billion in FFELP Cuts
The U.S. Congress has approved budget cuts of more than $20 billion during the next five years in the Federal Family Education Loan Program, the largest federal student-aid program, to fund increases in federal Pell Grants, to temporarily reduce student-loan interest rates, and to contribute to a small reduction in the federal budget deficit. Read more. USA Funds UpdateUSA Funds Presents Fall Financial-Aid Workshops
USA Funds’ Fall-2007 Financial-Aid Workshop series begins Oct. 9. The free workshops offer the latest information to help financial-aid professionals administer federal student loans and other financial-aid programs. Learn more. Summer-2007 'USA Funds Education Partnerships' Newsletter Available
USA Funds has issued the latest edition of its quarterly newsletter highlighting USA Funds’ support of programs that enhance preparation for, access to and success in higher education. The summer-2007 issue of “USA Funds Education Partnerships” features stories about the USA Funds Consejos and USA Funds Unlock the Future® early awareness programs; USA Funds’ staff members’ volunteer work assisting inner-city youth in Indianapolis; and the importance of encouraging higher-education success for all students. Download a copy of the newsletter using Adobe Reader.
Grant From USA Funds Helps Indianapolis Students Receive Tutoring and Mentoring
The Indianapolis Police Athletic League is working to make a difference in the lives of inner-city youth in Indianapolis, and USA Funds is assisting in that effort. Learn more. USA Funds Lists Top-100 Lenders
USA Funds lists the top-100 lenders of USA Funds-guaranteed loans for August 2007. Read the list.
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