Free cohort default rate reporting tool provides real-time data

Friday, October 4, 2013

Inceptia, a division of NSLP, announced today that it is making its proprietary Cohort Activity Report available to all higher education institutions enabling schools to monitor cohort default rates year round.

Utilizing this report, schools are able to receive real-time data on open cohort default rates and monitor borrower information—allowing the school to actively help student borrowers while lowering their rate before it becomes official by the U.S. Department of Education.

“The Cohort Activity Report gives schools the power to see what’s happening right now with their borrowers,” said Dave Macoubrie, Inceptia vice president of repayment solutions. “By proactively addressing the cohort of student defaulters, they can take steps to remove them from the list and make a positive impact on the trajectory of their school’s cohort default rate helping to save those student borrowers from default.”

The Cohort Activity Report monitors the number of borrowers in repayment and default. Schools are also able to see the impact one default borrower has on their rate, the number of rescued borrowers needed to reduce the schools’ rate by one percent and open and closed cohort year comparison data. Schools may also download a list of loan details on each defaulted borrower.

With cohort default rates on the rise, schools need to proactively monitor cohort default rates year round in order to gain the knowledge required to lower their rate and help student borrowers. The details in this report help schools closely monitor their default borrowers so that they can proactively work to correct defaulted loans prior to closing years.

Schools can access the Cohort Activity Report by uploading their National Student Loan Data System (NSLDS) School Portfolio report on Inceptia’s system. The data is analyzed and organized into a simplified report for colleges and universities to gain updated insights in real time.

“We want to show every school the impact they can have on their rate, simply by lowering it by even one percentage point,” Macoubrie said. “For some institutions, that may be as few as five borrowers. But lowering the rate over time can have a significant impact on a school and is good for student borrowers.”

Inceptia’s number one goal is to help students borrow wisely, resolve their delinquency issues and successfully repay their student loan obligations; while also helping schools reduce their cohort default rates. Schools interested in finding out more about Inceptia’s default prevention services may contact Inceptia at 888.529.2028. To sign up for the Cohort Activity Report, schools need to visit Inceptia.org/CDR-tracking.

ABOUT INCEPTIA

Inceptia, a division of National Student Loan Program (NSLP), is a non-profit organization providing premier expertise in default prevention and financial education. Since 1986, we have helped more than two million students achieve their higher education dreams at 5,500 schools nationwide. Annually, Inceptia assists more than 150,000 delinquent borrowers in repaying their student loans. By using practical tools of cohort analysis, financial education and repayment outreach, Inceptia educates students on responsible personal finances and loan repayment counseling and provides default prevention strategies and services to schools. More information at Inceptia.org.