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Default Prevention Step 2: Organize Your Default Team

November 14, 2013

dp arrowIn Step 1, we talked about the importance of cross-institutional participation in understanding why default is an issue at your school. The perspective of various departments continues to play a key role throughout your default prevention efforts. When building a default prevention team, you should include key players from both the financial aid office and from other areas of your institution. Possible members may include:

  • Financial aid office personnel
  • Representatives from key student service offices
  • Student affairs
  • Academic faculty and academic advisors
  • Enrollment management/admissions officers
  • Student accounts staff
  • Placement office representatives
  • Students

Once you have formed a team, take steps to formulate an action plan, such as:

  • Determine the source of your default risk
  • Decide what steps your school will take to reduce default risk
  • Recruit from all areas of the institution (including management and students) to help you create risk-reduction activities
  • Allocate school resources toward default reduction activities
  • Assess the effectiveness of default reduction activities over time

For more information about creating a plan for your school, visit our Default Prevention page or view Step 1.

One Comment leave one →
  1. pilar vasquez permalink
    December 6, 2013 2:07 pm

    Thank you for tools given.

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