Champion PREVENTS Defaults by Working with Students BEFORE They Get Into Trouble!
Defaults can be like an out-of-control wildfire to your school. If you wait to react AFTER students are delinquent (like our competitors) that "fire" will have a devastating effect on your school.
Prevention is the key.
Champion reaches students at critical points during the student loan repayment cycle—not just delinquent borrowers. For 30 years, our program has consistently prevented, lowered, and controlled default rates.
Many companies have attempted to emulate Champion’s highly successful programs BUT DON’T GET BURNED! Those companies may APPEAR to be less expensive until you consider all the extra fees…
Analyze the differences!
Our competitors try to put out fires with calls to delinquent borrowers to recommend a short-term deferment/forbearance fix and does not speak with the borrower again unless they become delinquent.
Champion reaches out to borrowers before deferment/forbearance status ends to help them determine if they can resume payments or should continue with deferment/forbearance. Champion’s approach keeps borrowers from falling delinquent again and encourages borrowers to better manage their loans.
Champion PREVENTS Defaults
- Champion offers an uncomplicated, predictable flat-rate fee structure
- Preventative calls to reach and educate students at critical points during the loan repayment cycle
- We provide financial literacy benefits and our competitors offers no financial tools to student
RESULTS If Champion prepares your students with financial literacy resources and phone mentoring while your students are in Grace and attending your school, the result is your CDRs will be MUCH lower.
Our Competitors REACT to Defaults
Unpredictable expenses and recovery fees will cost you thousands of dollars
Reacts when delinquent status occurs and then calls
Delinquent servicing can cost 20-30% MORE than Champion’s preventative servicing
RESULTS If the outreach is only to delinquent students and does not include late-stage delinquent students, your CDRs will rise tremendously and put your school at risk of losing Title IV Funding.