All Types of People Default on Student Loans

All Types of People Default on Student Loans

Feb 4, 2019 | Default Management

Default happens when a borrower fails to repay his or her student loans according to the promissory note. For federal student loans, default occurs after 270 days without a payment. That’s 9 consecutive months of skipping payments. Federal Student Loan Default...

Student Loans 101: How does CDR affect students?

Aug 10, 2015 | Default Management, News

What exactly is CDR? CDR stands for Cohort Default Rate. It’s the percentage of a school’s students who have gone into default on their student loans. For example, a college with a 6% CDR has six percent of its graduates who have gone into default. Why is this...