Default Prevention Services Transition to New System

(ED) – Education Department officials took notice last fall of how successfully the gov. and college officials had made the transition to a single system for originating federal student loans, they agreed with virtually all aspects of the process — except one.

A big concern was that ED did not seem to have a plan in place yet for providing or duplicating the services for default prevention for which colleges had historically turned to guarantee agencies, lenders and other parties that faced uncertain futures under the new system.

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About defaultprevention

Default Prevention Specialist since 1998.
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