Inceptia, a division of National Student Loan Program (NSLP), announced today that Lone Star College System (LSCS) has selected Inceptia to provide default prevention services to its student loan borrowers.
Lone Star College System will work in partnership with Inceptia to help student borrowers who are struggling to meet their repayment obligations return to good standing, impact cohort default rates and meet default reduction targets. Through one-on-one counseling and understanding that no two borrowers’ situations are the same, borrowers will be offered a customized solution that motivates the borrower to correct their delinquency and encourages them to make payments.
“We believe this relationship provides a way for Lone Star College System to help keep successful students in good standing as far as their student loan pay back and to help at-risk students get back on the right financial path,” said Paula Jackson, LSCS associate vice chancellor, financial aid and veteran services.
Randy Heesacker, president and CEO, NSLP, said: “We are pleased to help the Lone Star College System take a proactive approach to reducing student loan defaults. The Lone Star College System recognized the need to provide students with the tools and resources to successfully help keep students in good repayment status while at the same time, lowering the default rates at each institution. We are proud to partner with the Lone Star College System and to help make a difference with their students and the families they serve.”
Our results oriented Default Prevention Outreach program provides student borrowers financial counseling to help them take the necessary action to resolve their delinquency and get back on track for repayment. We contact delinquent borrowers using multiple contact strategies, including phone calls, emails, texting (as allowable by law) and written correspondence. Services are provided until all accounts are either resolved or the account is defaulted. Our unique approach focuses each borrower on the immediate actions they will take to resolve their delinquency and long term decisions they need to follow through on to accomplish successful repayment. For more information on Inceptia’s Default Prevention Outreach program, please visit Inceptia.org.
The terms of the agreement are for three years with an option to renew for two one-year periods.
ABOUT LONE STAR COLLEGE SYSTEM
Lone Star College System has been opening doors to a better community for 40 years. Founded in 1973, LSCS remains steadfast in its commitment to student success and credential completion. Today, with 78,000 students in credit classes, and a total enrollment of more than 90,000, Lone Star College System is the largest institution of higher education in the Houston area and the fastest-growing community college system in the nation. Dr. Richard Carpenter is the chancellor of LSCS, which consists of six colleges including LSC-CyFair, LSC-Kingwood, LSC-Montgomery, LSC-North Harris, LSC-Tomball and LSC-University Park, five centers, LSC-University Center at Montgomery, LSC-University Center at University Park, Lone Star Corporate College, and LSC-Online. To learn more visit LoneStar.edu.
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 is available at Inceptia.org.