7 Ways to Prevent Student Payment Plan Defaults

Calvin J. Fortenberry, TFC Tuition Financing  

Payment plans are a necessity in today’s student loan environment. Avoid the stress, hassle, and extra staff effort involved when students fall behind on their payments with these time-proven tips. During this session, we will run through various best practices you can implement at your school immediately to improve student payment plan success

Take-a-ways:

• How to choose which students to finance
• The best ways to set expectations with students and set up proper payment plans right from enrollment
• Best practices for communications & delinquent student follow-up
• The right questions to ask and fees to avoid when dealing with third party servicing and collection agencies