School Services

The new 3-year Cohort Default Rate calculation coupled with the recession has resulted in most schools seeing an increase in their default rates. The need for student outreach and default aversion counseling is now critical in reducing your school's default rate.

Outsourcing your default management needs is not only cost-effective but having a dedicated resource to pro-actively reach out to your at-risk students is essential in today's economic and student loan environment.

• LoanWise utilizes all the latest technology, skip-tracing methods, call campaigns and outreach programs to generate top performance, yet never veers from a respectful, educational approach to student borrowers.
• LoanWise counselors are highly trained in the federal student loan program and have an extensive working knowledge of all options to help students avoid default from the exit interview through late-stage delinquency.
• LoanWise default aversion services will allow your financial aid staff to focus on their primary job and save your school the cost of training and developing a default aversion program to accommodate today's changing student loan environment.
• Best of all, LoanWise's performance-based pricing means your school will only pay for successful results!

CLICK HERE to see your school's preliminary CDR rate released by the U.S. Department of Education in February 2010.

Take control of your default rate. Contact us today for more information 800.301.5051.

"LoanWise will lower your school's CDR with a custom built default aversion program designed specifically to meet your school's needs and budget."