Are your payment plan options clear, and consistent with your policies, processes and procedures? Do your Financial Aid students have to jump through hoops to cover their Financial Aid shortfalls? Or, are they creating tuition refund situations by dropping classes and running off with “their” money?
The Payment Card Industry Data Security Standard (PCI DSS) was developed to encourage and enhance cardholder data security and facilitate the broad adoption of consistent data security measures globally.
Student loan default isn’t strictly a student issue or a financial aid issue; it affects everything from enrollment to graduation rates.