Default Prevention
Welcome to the Career College Association’s Default
Prevention Portal.
This site is intended to provide students with sound financial aid
information and give institutions the tools necessary to assist their
students in managing their debt, all with one common objective –
to help students make wise choices while borrowing so their debt burden
does not become overwhelming.
The student
section provides important information to help students
make smart financial decisions for financing their college education.
Budget tools will illustrate the immediate costs of college, such as
housing, transportation expenses, and the cost of daily life. Loan
calculators will show the total expense associated with attending a
school by laying out the actual amount that will be repaid under a
variety of student loan repayment plans. Students can use these tools on
their own or financial aid counselors can walk them through the process
to help make decisions about how much student loan is really necessary
to pay for educational expenses.
The institutional
section is designed to provide schools with one place to
turn to for information to assist their students, borrowers, and
graduates. Tools are included to assist in loan counseling, debt
management, and default prevention. As the site is updated, this will
include everything from who to contact at the various loan servicers and
the Department of Education when there are questions, to deferment and
forbearance forms and information on loan forgiveness programs.
If you have any questions about the Default Prevention Portal,
default management from the student or institutional perspective, or
CCA’s Default Prevention Initiative, or any suggestions for
information to include on this site when upgrades are made, please
contact CCA’s Director of Regulatory Affairs, Tammy Halligan, at
TammyH@career.org.
Students
and Borrowers
Schools
