USA Funds Borrower Connect Helps Colleges Improve Loan Default Rates

INDIANAPOLIS, Feb. 21, 2012 /PRNewswire via COMTEX/ -- USA Funds®, a nonprofit organization that helps American families benefit from postsecondary education, has introduced USA Funds Borrower Connect(TM), a Web-based tool that helps colleges connect with their student loan borrowers to promote successful student loan repayment and curb loan defaults.

"Contact with student loan borrowers is a proven best practice for preventing student loan default," said Denise B. Feser, USA Funds senior vice president, School and Student Services. "USA Funds Borrower Connect saves campus staff time and money by aggregating the student loan information they need and helping to automate outreach to student loan borrowers."

USA Funds Borrower Connect offers college administrators the following benefits:

Aggregates loan data from multiple loan servicers, guarantors and the National Student Loan Data System, so schools can reach out to borrowers with Federal Family Education Loan Program loans, Direct Loans and put loans to address both two-year and three-year cohort default rates.


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