THE OFFICE OF FINANCIAL ASSISTANCE
WELCOMES YOU TO HORNET NATION!

Default Prevention

Benjale Bailey Jr., Default Prevention Manager

(Focuses on students loan repayment and resolving loan default)

Mr. Bailey can be contacted at (314) 340-3578 or via email at baileyb@hssu.edu 


A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year. Please refer to the Cohort Default Rate Guide for a more in-depth description of cohort default rates and how the rates are calculated. The U.S. Department of Education releases official cohort default rates once per year.



 

2 Year

3 Year

Fiscal Year

Cohort Default Rate

Cohort

Default

Rate

2009

16.2%

26.5%

2010

21.4%

27.9%

2011

18.9%

29.6%

2012

N/A

25.6%

2013

N/A

27.7%

2014

N/A

23.2 %

2015

N/A

21.7%



To review your federal student loan history, you may visit www.studentloans.gov We strongly encourage you to review your loan transcription to become familiar with your student loan servicer. 


DEFAULT FEDERAL LOANS REQUIRE IMMEDIATE ATTENTION!! YOU MAY QUALIFY FOR ONE OF THE OPTIONS BELOW:

  • Loan Rehabilitation 
  • Federal Consolidation 


HAVING TROUBLE WITH REPAYING STUDENT LOANS? YOU MAY QUALIFY FOR ONE OF THE OPTIONS BELOW:

  • Loan Repayment
  • Deferment
  • Forbearance


FEDERAL STUDENT LOAN SERVER(S)


Nelnet

www.nelnet.com

1-888-486-4722

Great Lakes Educational Loan Services, Inc.

www.mygreatlakes.org

1-800-236-4300

Navient

www.navient.com

1-800-722-1300

FedLoan Servicing (PHEAA)

www.myfedloan.org

1-800-699-2908

MOHELA

www.mohela.com

1-888-866-4352

HESC/EdFinancial

www.edfinancial.com/DL

1-855-337-6884

CornerStone

www.MyCornerStoneLoan.org

1-800-663-1662

Granite State - GSMR

www.gsmr.org

1-888-556-0022

OSLA Servicing

www.osla.org

1-866-264-9762

Debt Management and Collections System

www.myeddebt.ed.gov

1-800-621-3115

 




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