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Wednesday, September 25, 2013

FedLoan Servicing’s At-Risk Delinquency Resolution Contest

Beginning in May 2013, FedLoan Servicing held an At-Risk Delinquency Resolution Contest for schools.  Participating schools were provided with a listing of delinquent borrowers, serviced by FedLoan Servicing, who would impact their 2011 or 2012 Cohort Default Rate, if their delinquency was not resolved.  The contest ended on August 28, 2013.  Here are some highlights:

·        350 Schools Participated (55 schools from SASFAA region)
·        7,356 Cured Delinquencies (1623 from schools in SASFAA region)

Congratulations to all participating schools in the winning region – WASFAA! Schools within the Western region cured 31% of their loan delinquencies.
FedLoan Servicing extends a special thank you to all participating schools for the assistance provided to your alumni! Winning schools were provided a customized poster, congratulatory letter, and the option to participate in our FedLoan Servicing FiveStar Training webinar on default prevention or a spotlight in an upcoming FedLoan Servicing Quarterly Bulletin.

Congratulations to the winners!!!!
Tiers
Winning School
Sector
% of cures
NATIONAL WINNERS
< 50 borrowers
Bryan College (CA)
Plaza College (NY)
Proprietary
100%
51 – 250 borrowers
Howard Community College (MD)
Public
53%
> 250 borrowers
Herzing University (WI)
Proprietary
37%
PUBLIC SECTOR WINNERS
< 50 borrowers
City College of Chicago (IL)
Public
80%
51 – 250 borrowers
Howard Community College (MD)
Public
53%
> 250 borrowers
University of North Texas (TX)
Public
31%
PRIVATE SECTOR WINNERS
< 50 borrowers
Resurrection University (IL)
Sharon Regional Health System (PA)
Private
100%
51 – 250 borrowers
Robert Morris University (IL)
Private
45%
> 250 borrowers
Remington College (TX)
Private
29%
PROPRIETARY SECTOR WINNERS
< 50 borrowers
Bryan College (CA)
Plaza College (NY)
Proprietary
100%
51 – 250 borrowers
Vista College (TX)
Proprietary
43%
> 250 borrowers
Herzing University (WI)
Proprietary
37%
GRADUATE AND PROFESSIONAL SECTOR WINNERS
< 50 borrowers
Assemblies of God Theological Seminary (MO)
Eastern Virginia Medical School (VA)
Graduate
100%

 

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