The best way to gauge the effectiveness of your default prevention program is to track past, present and projected cohort default rates. The problem is waiting for official rates to be released. By the time they are, it may be too late to implement corrections in your school’s approach.
As a component of LoanTracker, Cohort Calculator projects default rates using real-time data and official formulas of the U.S. Department of Education. This easy-to-use calculator helps you project cohort default rates for the current year and future years based on data compiled from a variety of providers, such as the National Student Loan Data System, and Direct and FFEL Program loan servicers.
Cohort Calculator allows you to drill down and access detailed information about borrowers who are in repayment, delinquent or defaulted, so you can focus your default prevention activities on those who are the most at risk.
Based on the results of your calculations, we will work with you to identify areas of improvement and enhance your school’s default prevention efforts for improved results.
Cohort Calculator software is included with ECMC Solutions full-service outsourcing but can be licensed separately for your in-house use. We back this software with comprehensive training and ongoing product support to ensure a high-quality experience.
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1-877-557-3262 or email us.