Default Aversion Assistance Report DAAR and Letters - PowerPoint PPT Presentation

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Default Aversion Assistance Report DAAR and Letters

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custom report. you choose information from expanded list. of fields ... use general or provide custom letters. determine delinquency criteria ... – PowerPoint PPT presentation

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Title: Default Aversion Assistance Report DAAR and Letters


1
Default Aversion Assistance Report (DAAR) and
Letters
Reports delinquent borrowers, enhances default
prevention efforts
2
DAAR report and letters
  • online, easy-to-access list of your delinquent
    borrowers
  • create and print borrower letters
  • helps you help student loan borrowers

3
About the report
  • updated weekly, available when you need it
  • includes comprehensive information
  • borrower and lender contact information
  • date loan entered repayment
  • cohort year
  • graduate vs. withdrawal status

4
Access report and letters
  • go to www.nslp.org
  • Schools tab, Loan Management, DAAR
  • log in with e-mailand password
  • contact NSLP forlog-in


5
Choose report or letters
  • NSLP Default Aversion Unit
  • 800-735-8778, ext. 6800

6
Flexible report options
  • standard report
  • contains delinquent borrower information, cohort
    year, and days delinquent
  • custom report
  • you choose information from expanded listof
    fields
  • download data into Microsoft Excel

7
Select your criteria

LEARNING UNIV.
8
Standard Report example


9
Custom Report options


10
Custom Report example

11
Create letters
  • options
  • use general or provide custom letters
  • determine delinquency criteria
  • print letters and mailing labels
  • download data into Microsoft Excel
  • lender contact information
  • past due amount and due date

12
Select letter criteria
  • choose which letters to generate
  • limit the number of records returned
  • determine new/prior/all delinquencies
  • choose letter set up

13
Select letter criteria

LEARNING UNIV.
LEARNING UNIV.
LEARNING UNIV.
14
Customize letter closing

15
View letter results and print

16
Early and PLUS delinquency letters
  • standard features
  • informs borrower the loan payment is past due
  • stresses importance of on-time payments
  • outlines consequences of default
  • optional features
  • provides lender contact information
  • lists amount past due and due date

17
Mid delinquency letter
  • standard features
  • informs borrower the loan payment is delinquent
  • stresses importance of bringing account current
  • outlines deferment and forbearance
  • offers employment assistance
  • optional features
  • provides lender contact information
  • lists amount past due and due date

18
Total letter count example

Early Delinquency
Mid Delinquency
19
Additional resources
  • www.nslp.org
  • Schools tab, Default Prevention and Financial
    Literacy
  • Money Management Counseling website featuring
    interactive debt management courses
  • Money Management Options presentation to teach
    students basic financial skills
  • Loan Education Products to help students
    understand and repay their student loans

20
For more information
Customer Service P.O. Box 82507 Lincoln, NE
68501-2507 phone 800-735-8778, ext. 6300 e-mail
nslpcs_at_nslp.org fax 402-479-6658
www.nslp.org
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