Other tactics for student retention and delinquency and default
prevention
- Create a default prevention team and write a plan. The tactics can
be very simple; it’s your execution that will make the
difference.
- Provide a calendar to students exiting your school - after you've
marked their repayment start date on it.
- Review your portfolio to identify students at high risk for default
(if resources are limited, focus efforts on at-risk students).
- Hire full-time default prevention staff to work with at-risk
students and others who need assistance after they leave school.
- Start a peer-counseling education program on campus and (do three
core programs per semester (for example, lunch-and-learn, programs in
residence halls, in classrooms).
- Attend default aversion workshops when offered (ask your guaranty
agency and lending partners for more information).
- Develop resources and referral list for students with financial
trouble (e.g., consumer credit counseling services, federal trade
commission, etc.).
- Share your successes with your peers.
The U.S. Department of Education’s Default Prevention and Management Team provides
institutions with a wealth of information, including historical CDR
rates, a Cohort Default Rate Guide, and a sample default management plan
for institutions taking action to manage default rates.
The CCA Default Prevention Committee is drafting a default prevention
plan. For more information, contact Tammy Halligan
(TammyH@career.org).
