Author Archives: defaultprevention

About defaultprevention

Default Prevention Specialist since 1998.

2018 SFA Conference – Atlanta

2018 SFA Conference Highlights: Sec of Ed Betsy DeVos – Accountability and student loan debt is crisis Third Party Audits- Not necessary if all you are doing is default prevention. Just file an Assertion Letter with ED. "Third Party Oversight … Continue reading

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IBR Great but Don’t Over Sell It.

Is IBR plans helpful? I just recently read this article about IBR’s take a look here…https://www.forbes.com/sites/prestoncooper2/2018/08/07/income-based-repayment-reduces-student-loan-delinquency-but-dont-oversell-it/#7cf66f6e37d0 Matt Klabacka 702-610-8574 mobile/text

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New 90/10 Rule Poised to Help Career Colleges

read full article here. https://www.educationnext.org/change-rules-unleash-innovation-forum-rethinking-rules-federal-higher-ed-spending/ Matt Klabacka Default Prevention 702-610-8574 mobile/text

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Gainful Employment Renaming and Covering Harvard Also

ED is getting ready to throw a bone to the for profit industry by making all higher ed institutions comply with a gainful employment stylized reg….read more at wsj… https://www.wsj.com/articles/devos-plans-to-repeal-obama-rule-targeting-underperforming-training-colleges-1532641977 Matt Klabacka Default Prevention, Inc PO BOX 50682 Henderson, NV … Continue reading

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Loan Forgiveness Program Major Changes

Recent Article in WSJ regarding loan forgiveness from Zack Friedman is a keynote speaker and Founder & CEO of Make Lemonade, a personal finance comparison site that helps you save money and live a better financial life. wall Street Journal … Continue reading

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5,000,000 borrowers in Default Status

The Wall Street Journal reported today that "The number of Americans severely behind on payments on federal student loans reached roughly 4.6 million in the third quarter"….read more.

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Bankers Ease Rules on Private Loan Automatic Defaults

Private lenders are revising student loan contracts to ensure people are not placed in default when the co-signer of their loan dies or declares bankruptcy, putting an end to a practice brought to light by the Consumer Financial Protection Bureau. … Continue reading

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