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 (6 Tennessee schools)
- •· 7,356 Cured Delinquencies (28 from Tennessee schools)
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
|
Keiser University (FL)
|
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%
|
