This document summarizes best practices for preventing student loan default presented by Antonio Holloway of Huston-Tillotson University and Valentino Bryant of Shaw University. It discusses what default is, the consequences for schools, and seven common reasons why students default. It then outlines efforts made by Huston-Tillotson and Shaw University to reduce default rates through enhanced financial education, counseling, and external partnerships. These include requiring financial literacy courses, conducting exit interviews, and collaborating with state agencies on prevention plans. Shaw University saw a reduction in their default rate from 30.2% in 2009 to 19% in 2010 after implementing a three-phase strategic approach.
Role of overseas educational consultantsharichandra1
The popularity of overseas education has subsequently led to the popularity of students travel abroad programs. If you happen to be one of the aspirants of higher education; it is important to approach the prospect with proper focus and planning. In this context it is worth mentioning the importance of overseas educational agencies, overseas educational consultants,
Role of overseas educational consultantsharichandra1
The popularity of overseas education has subsequently led to the popularity of students travel abroad programs. If you happen to be one of the aspirants of higher education; it is important to approach the prospect with proper focus and planning. In this context it is worth mentioning the importance of overseas educational agencies, overseas educational consultants,
Showcase Session: College Access & Retentionguestd83a57
On Point for College presented a showcase session called Beyond Access: Effective Strategies to Foster the Success of Low-Income and First Generation College Youth, which highlighted effective strategies On Point for College has used to promoted college access and retention.
The release of the draft cohort default rates presents a great opportunity to review or initiate your default prevention plan. During this webcast, we discussed proven strategies that will help students successfully complete their program of study, become educated consumers regarding their student loans and provide them with the assistance they need to successfully repay their educational debt.
Shaking the money tree, making the most of financial resources for international students. Presentation at the NAFSA Region V and VI Conference by Jennifer Frankel (Envisage International) and Jonnathan De La Fuente (University of Michigan - Flint)
Showcase Session: College Access & Retentionguestd83a57
On Point for College presented a showcase session called Beyond Access: Effective Strategies to Foster the Success of Low-Income and First Generation College Youth, which highlighted effective strategies On Point for College has used to promoted college access and retention.
The release of the draft cohort default rates presents a great opportunity to review or initiate your default prevention plan. During this webcast, we discussed proven strategies that will help students successfully complete their program of study, become educated consumers regarding their student loans and provide them with the assistance they need to successfully repay their educational debt.
Shaking the money tree, making the most of financial resources for international students. Presentation at the NAFSA Region V and VI Conference by Jennifer Frankel (Envisage International) and Jonnathan De La Fuente (University of Michigan - Flint)
College of BusinessACCT 732 Audit and Assurance Services2018-.docxmary772
College of Business
ACCT 732 Audit and Assurance Services 2018-2019
Course: Accounting 732
Semester: Winter Semester 2019
CRN: 20196
Instructor: Grant J. Lee, DBA
Campus/Location: Maine College of Business/Online
Room Number: NA
Meeting Days and Times:
Course Start Date: January 7, 2019
Final Assessment Date: April 26, 2019
Instructor Contact Information:
Office Location: Office 238D-4
Office Hours: TBD
Phone: 616-871-3980
Fax: 616-554-5228
E-Mail: [email protected]
Instructor Professional Biography
I have over 20 years of professional accounting experience. I have worked primarily in the manufacturing industry, holding management positions with various companies in West Michigan such as Tyson Foods, Inc., Sappi Fine Paper and New Covert Generating, LLC.
I am the Department Chair of Accounting at the Lettinga Campus. I have been at Davenport University for nine years. Prior to joining Davenport University, I have taught Accounting and Business at Baker College in Muskegon, Michigan and Cornerstone University in Grand Rapids, Michigan. I earned my Bachelor Degree in Accounting from Bethany College, Bethany, West Virginia 1991. In addition, I earned my Master Degree in Accountancy from Case Western Reserve University, Cleveland, Ohio 1993. I earned my Doctorate Degree in Accounting from Walden University.
Donald W. Maine College of Business | 2018-2019
ACCT732 Auditing and Assurance
Credit Hours: 3
Contact Hours: 45
Prerequisite: ACCT302
Co-requisite:
Course Description
This course examines auditing and assurance services. The course focuses on the detailed study of the financial statement audit, including professional responsibilities and ethics, audit planning, internal controls, evidence gathering, and audit reports. Assurance services, reviews, and compilations are also covered.
Learning Outcomes
Upon successfully completing this course, the student will be able to:
1. Demonstrate and analyze the auditor's study and evaluation of internal control structure and recommend enhanced internal control procedures.
2. Analyze the decision making process in accepting clients and communicate acceptance through an engagement letter
3. Gather evidence, analyze results, and document conclusions
4. Prepare and evaluate audit and other assurance service reports
5. Apply and explain the following:
· Auditing standards
· Attestation standards
· Professional responsibilities for ethical behavior in attest services
· Legal liability in attest services.
Required Textbooks and Additional Materials
9780134417301
Auditing and Assurance...MyAccountingLab with Textbook
Arens
16th 17 /Pearson
Required /Purchase as new only
Books continue on the next page.
9780134148618
Auditing and Assurance...MyAccountingLab with Etextbook- Optional
Arens
16th 17 / Pearson
Optional / Purchase as new only
Davenport University has a print management system in which students are allotted a .
This capstone presentation was done in April 2010 with two other individuals in my cohort. We re-evaluated the Early Academic Warning Program at Central Connecticut State University and offered ideas for a more well-developed program that would better serve the students and faculty at CCSU.
I have selected this document as it helps me to know my role in company, job description, qualifications and my job requirements. This will help me to format my resume meet the job needs.
1. UNCF ICB ACCREDITATION AND
STUDENT LOAN DEBT MANAGEMENT
INSTITUTE
D E F A U L T P R E V E N T I O N
B E S T P R A C T I C E S P R E S E N T E D B Y
A N T O N I O H O L L O W A Y ( H U S T O N - T I L L O T S O N )
A N D
V A L E N T I N O B R Y A N T ( S H A W U N I V E R S I T Y )
2. What is Default?
Failure to repay a loan according to the terms and
conditions agreed upon when the borrower signed
the Master Promissory Note.
Default occurs when the borrower becomes 360 days
delinquent with payments
The consequences to the borrower and the
institution are severe.
3. Consequences of Default for Schools
High Cohort Default Rates can-
Negatively reflect school quality
Result in Provisional Certification
Result in loss of Title IV eligibility
Minimize access to Private Loans
4. Seven Reasons Students Default
Entered Military Service
Low Wages / Income
Trouble With Personal Relationships
Unemployed
High Medical Bills
Married Someone With High Student Loan Debt
Lack of Knowledge
5. What Huston-Tillotson University Have
Implemented to Lower Default Rates
(In-School Efforts)
Enhanced Entrance Counseling
Provide Financial Literacy and Scholarship Workshops
Complete in-school deferment forms for prior loans
Explain Satisfactory Academic Progress (SAP)
Encourage students to pay accrued interest while in school
Require Financial Literacy for all freshmen and transfers
In-person exit interview for official withdrawals
6. Withdrawn Students Efforts
Encourage student to re-enroll
Implement a withdrawal process where student
must see a retention officer
In-person exit interview for official withdrawals
Mail exit package to unofficial withdrawals
Use servicer to mail grace letters
Use servicer to contact borrowers that withdraw
and become delinquent on loans
7. Grad Student Efforts
Require in-person exit counseling for graduates
Require financial literacy for graduates
Use servicer to mail grace letters
Use servicer to contact graduates that become
delinquent on student loans
Provide institution contact information to all
graduates
8. Partner With External Agencies
Collaborate with outside agency on writing a default
prevention plan (TG assist Huston-Tillotson)
Seek grant opportunities to help defray the costs for
equipment, workshops, and additional employees,
etc. (Huston-Tillotson received $100,000.00 from
USA Funds)
9. What Shaw University Have Implemented to
Lower Default Rates
2009:
30.2%
2010:
19%
10. Three Phase Approach
“Where Are We?”
and “How Did We
Get Here?”
Strategic
Implementation
Operation Default
Rate Reduction
Creation of Default
Prevention /
Retention
Committee
11. “Where Are We?” and “How Did We Get Here?”
We worked with the Office of Strategic Planning
Institutional Research & Effectiveness (OSPIRE)
Based on 2009 2 year Draft Rate (23.1%)
233 Student Defaulted
183 Withdrawals
49% Freshmen; 29% Sophomore; 13% Junior; 14% Seniors and 1%
Grad Students
Low Retention Rate = High Default Rate and High
Retention Rate = Low Default Rate
12. Creation of Default Prevention/Retention
Committee
Default
Prevention
Financial Aid
Admission
First Year
Program
OSPIRE
Academic
Success
Vice
President of
Student and
Academic
Affairs
Creates
across-the-
institution
“BUY-IN”
Ensures
default
prevention
goals and
plans are met
Helps justify
additional
resources if
needed
Analyze data,
resources and
current
practices
13. Stopping the Monument
Adjusted two staff
members work hours
Monthly phone Blitz (one
night a month all FA
counselors stay late to
make calls to delinquent
borrowers)
Mass mailing via USPS
and emails
Social Media
Strategic Implementation Operation Default Rate
Reduction: Phase I
14. Student Outreach Faculty/Staff Outreach
New Student Orientation
Breakout sessions for parents and
incoming freshmen
Early Alert System
During Freshmen Orientation,
students complete an online survey,
which allows the university to identify
potential At-Risk Students
Monthly Newsletters
Financial Literacy Workshops
Implementation of USA Funds
Life Skills
Development of Student Peer
Financial Literacy Mentors
Monthly Newsletters
Attend Faculty Meetings
once per semester
To promote Default
Awareness
Partnered with some
faculty members who
allowed us to participate
in their class discussions
about Financial Literacy
Strategic Implementation; Phase II: Financial
Literacy/Awareness
15. Contact Information
Valentino Bryant
Shaw University
Default Prevention Administrator
919-546-8434
vbryant@shawu.edu
Antonio Holloway
Huston-Tillotson University
Director Financial Aid
512-505-3031
aholloway@htu.edu