Debt Prevention and Management by lja61768

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Debt Prevention and Management document sample

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									                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Debt Management/Default Prevention Counseling
                                                                                                                                                        Participates in Direct to Consumer Lending/Direct
RFI Comparison Matrix




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Combined billing of Federal and Private Loans
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Offers Deferment and Forbearance options
                                                                                                                                                                                                                                                                                                                                                                                                                   Servicing remains with Originating Lender
                                                                                                                                                                                                                                                                                                                                                  Counsels Family to seek financial aid first




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Overall Quality of the Customer Service
                                                                                 Utilization of this Lender at Your School




                                                                                                                                                                                                                                                                                                      Ability to Re-earn Borrower Benefits
                                                                                                                                                                                                                                                                  Ease of Earning Borrower Benefits




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Tech and Online Support Services
                                                                                                                                                                                                                                                                                                                                                                                                                                                               Convenience of call center hours




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Offers Repayment Counseling




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Online Account Management
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Flexible Repayment Options




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Online Application Process
                                                                                                                                                                                                               Reduction of Loan Fees



                                                                                                                                                                                                                                        Interest Rate Reduction
                                                                                                                                                        Markets on Campus
                                                           Industry Experience
                                 Brand Recongnition




                                                                                                                                  Financial Stability




                                                                                                                                                                                                                                                                                                                                                                                                     Sells loans
Sample                                                Lender Experience                                                                                                                                      Loan Rates and Borrower Benefits                                                                                                                                                        Customer Service                                                                                                                                                                                 Repayment Options                                                                                                                                                                                 Technology
        Rating             4                             5         4                                                          3                         0                                                    3         2          4         2                                                                                                 5                                                  5          5         4                                                                            4                                              5                                               4          3           4                                                                                        2                                                    5                                    3                               4
    School Weight          3                             5         2                                                          5                         1                                                    5         5          4         5                                                                                                 5                                                  4          5         4                                                                            5                                              4                                               4          5           5                                                                                        3                                                    5                                    4                               4
    Weighted Score         12                           25         8                                                         15                         0                                                   15        10         16        10                                                                                                25                                                 20         25         16                                                                          20                                             20                                              16         15          20                                                                                        6                                                   25                                    12                             16

    Overall Rating         347
Lender A                                              Lender Experience                                                                                                                                     Loan Rates and Borrower Benefits                                                                                                                                                         Customer Service                                                                                                                                                                                 Repayment Options                                                                                                                                                                                 Technology
         Rating             0                            0         0                                                         0                          0                                                   0         0         0          0                                                                                                 0                                                  0          0          0                                                                           0                                              0                                               0           0          0                                                                                         0                                                   0                                     0                              0
    School Weight           0                            0         0                                                         0                          0                                                   0         0         0          0                                                                                                 0                                                  0          0          0                                                                           0                                              0                                               0           0          0                                                                                         0                                                   0                                     0                              0
    Weighted Score          0                            0         0                                                         0                          0                                                   0         0         0          0                                                                                                 0                                                  0          0          0                                                                           0                                              0                                               0           0          0                                                                                         0                                                   0                                     0                              0

    Overall Rating          0
Lender B                                              Lender Experience                                                                                                                                     Loan Rates and Borrower Benefits                                                                                                                                                         Customer Service                                                                                                                                                                                 Repayment Options                                                                                                                                                                                 Technology
         Rating             0                            0         0                                                         0                          0                                                   0         0         0          0                                                                                                 0                                                  0          0          0                                                                           0                                              0                                               0           0          0                                                                                         0                                                   0                                     0                              0
    School Weight           0                            0         0                                                         0                          0                                                   0         0         0          0                                                                                                 0                                                  0          0          0                                                                           0                                              0                                               0           0          0                                                                                         0                                                   0                                     0                              0
    Weighted Score          0                            0         0                                                         0                          0                                                   0         0         0          0                                                                                                 0                                                  0          0          0                                                                           0                                              0                                               0           0          0                                                                                         0                                                   0                                     0                              0

    Overall Rating          0
Lender C                                              Lender Experience                                                                                                                                     Loan Rates and Borrower Benefits                                                                                                                                                         Customer Service                                                                                                                                                                                 Repayment Options                                                                                                                                                                                 Technology
         Rating             0                            0         0                                                         0                          0                                                   0         0         0          0                                                                                                 0                                                  0          0          0                                                                           0                                              0                                               0           0          0                                                                                         0                                                   0                                     0                              0
    School Weight           0                            0         0                                                         0                          0                                                   0         0         0          0                                                                                                 0                                                  0          0          0                                                                           0                                              0                                               0           0          0                                                                                         0                                                   0                                     0                              0
    Weighted Score          0                            0         0                                                         0                          0                                                   0         0         0          0                                                                                                 0                                                  0          0          0                                                                           0                                              0                                               0           0          0                                                                                         0                                                   0                                     0                              0

    Overall Rating          0
Lender D                                              Lender Experience                                                                                                                                     Loan Rates and Borrower Benefits                                                                                                                                                         Customer Service                                                                                                                                                                                 Repayment Options                                                                                                                                                                                 Technology
         Rating             0                            0         0                                                         0                          0                                                   0         0         0          0                                                                                                 0                                                  0          0          0                                                                           0                                              0                                               0           0          0                                                                                         0                                                   0                                     0                              0
    School Weight           0                            0         0                                                         0                          0                                                   0         0         0          0                                                                                                 0                                                  0          0          0                                                                           0                                              0                                               0           0          0                                                                                         0                                                   0                                     0                              0
    Weighted Score          0                            0         0                                                         0                          0                                                   0         0         0          0                                                                                                 0                                                  0          0          0                                                                           0                                              0                                               0           0          0                                                                                         0                                                   0                                     0                              0

     Overall Rating         0

Instructions:

This chart is intended to be customized by the school. All categories of comparison and rating should be reviewed and modified by the school, as well as all weights afforded each category. The weights in the sample are not a
recommendation of MASFAA, and are intended purely as an instructional mechanism.

								
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