CornerStone has the #1 Cohort Default Rate (CDR) in the nation. The main reason our CDR is one-fourth the national average is because of our efforts in delinquency management and default prevention.
Because it's so important to keep your student borrowers on track to repay their student loans on time we have come up with three simple steps to take to help your student borrowers make wise decisions about their loans.
Delinquency Management and Default Prevention
Here are the three steps for communicating with student borrowers about delinquency and default. And remember, CornerStone is also working with your student borrowers to help them avoid default.
- Plan Who are you going to communicate with and how?
- Communicate. Send your message to the student borrowers you want to connect with.
- Track. Take a look at your progress and adjust your plan with the knowledge you gained of what worked and what could be improved.