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The release of your draft CDR creates a great opportunity to review your default prevention plan
Best Practices
Draft CDR: Seven Things You Should Do After Receiving Yours
Draft cohort default rates (CDR) were released yesterday. Here are seven things you can do after receiving your draft CDR to ensure you are staying on top of student loan repayment success: Consider challenging incorrect information. Your draft CDR will be the basis for calculating your official cohort default rate, released in September. That means…
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Success Stories
How Wallace State Community College Is Using Borrower Connect to Boost Its Default Prevention Program
Becky Graves is the financial aid director for Wallace State Community College – Hanceville (WSCC), a Borrower Connect customer. WSCC has an enrollment of more than 7,000 students, making it one of the largest colleges in the Alabama Community College System. Students at WSCC have a choice of more than 50 majors as they pursue…
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Draft Cohort Default Rate Guide
Best Practices
Draft Cohort Default Rate: How To Plan Ahead & Take Action
Hearing the phrase “our draft cohort default rate is out” can bring out many different emotions to someone working at a college or university. Whether you work in university governance or down in the trenches of a financial aid office, there’s a lot on the line in higher education once draft CDRs are received. With draft…
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Best Practices
Want Less Student Loan Default Risk? Start With More Insight About Your Borrower Data
When it comes to the risk of students facing money management and loan repayment difficulties, less is definitely more. But reducing student risk requires increasing institutional knowledge. Sometimes, that starts with knowing what you don’t know – and there can be a lot of unknowns. However, that’s good news, because that discovery process is a…
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