Federal Student Loans: CARES Act, CDR Risk and 3rd Party Compliance
Date and Time: September 22, 2020 at 2 PM EDT
Presented by: Judith Witherspoon, Senior Vice President
Description: Covid-19 has impacted higher education in some unexpected ways. For students struggling to repay loans, the CARES Act offers much needed relief in the form of a forbearance option that has allowed students to postpone payments and, in some cases, pay 0% interest during this special period. The resulting impact to college cohort default rates (CDRs) will be significant. This webinar will review the impact of the CARES Act and the current economic disruption on future CDRs. Presenters will also offer suggestions for managing the risks associated with college student loan portfolios in these uncertain times.
1. Understand the impact of the CARES Act student loan relief programs on college CDRs.
2. Learn how to evaluate CDR risks in times of economic uncertainty and better target college resources for risk management/default prevention.
3. Gain an understanding of higher education compliance issues that can impact student borrowers and your college.
CPE Availability: 1 hour
This event is part of the 2020 CCBO Business Partner Webinar Series.