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Default Prevention: A CDR Success Story at Southern Polytechnic State University

April 25, 2013

defprev-iconSouthern Polytechnic State University (SPSU) did not have a Cohort Default Rate (CDR) issue in 2012. However, with all of the buzz surrounding the new 3-year CDR, the Director of Financial Aid, Gary Mann, wanted to ensure it did not become an issue. He wanted a plan but not one that would sit unused. He wanted a plan that would help his campus of 5,500 students in Marietta, GA avoid default and continue its role as a leader in the progressive University System of Georgia.

We chatted about what he wanted to accomplish using limited time and resources. He asked me, “How can I make the biggest impact?” I recommended he start working through the Late Stage Delinquency Report on Nsight. So each month Gary began sending letters to the students that were on the cusp of default (241-360 days late). In December 2012, he began tracking the number of letters sent; by April 2013, the number had dropped by 50%.

Congrats to Gary and his team at Southern Poly for beginning a simple plan to positively impact your CDR. Great job! If you have a success story, we would love to hear about it. You can also visit our new Default Prevention tab to view other success stories as well as a seven-step default prevention plan that you can use to start impacting your CDR right away.

Amy Moser, Southern Regional Director, Nelnet Partner Solutions

Amy Moser, Southern Regional Director, Nelnet Partner Solutions

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