Default Prevention, Specialist I

Specialist I, Default Prevention

The target hiring range for this position is $54,800-$60,000

Position Summary :

The Default Prevention Specialist is responsible for all efforts geared toward minimizing default on federal Direct Loans.

Preliminary strategies include educating learners on the responsibility associated with receiving a student loan from the Department of Education.

Other means of facilitating timely and consistent repayment of student loans include counseling and education for students as to financial literacy, loan entrance and exit processes, available payment options to remain in good standing, and the consequences of defaulting on a student loan.

Further assistance if provided by and connecting students in default or at risk of default with loan servicers. This position will develop a contact schedule with students beginning with entry to the institution and continue through payment of student loans.

Role and Responsibilities :

• Monitor and analyze student loan accounts to identify borrowers at risk of default.
• Reach out to at-risk borrowers via phone, email, and other communication methods to discuss their financial situation and repayment options.
• Develop and implement personalized repayment plans and strategies for borrowers to prevent default.
• Provide borrowers with information on deferment, forbearance, consolidation, and other available options.
• Maintain accurate records of borrower interactions and interventions in compliance with regulatory requirements.
• Collaborate with internal departments and external partners to ensure timely processing of payments and account updates.
• Educate borrowers on financial literacy and resources available to help them manage their loans effectively.
• Prepare and present regular reports on default prevention activities and outcomes to management.
• Stay current on industry trends, regulations, and best practices in student loan management and default prevention.

Qualifications and Education Requirements :

• An Associate's Degree from an accredited institution in business, finance, accounting or related field is required
• At least two years of experience in financial services, student loan servicing, higher education, or counseling
• Demonstrated knowledge of Federal Student Aid
• Demonstrated proficiency in Microsoft Office applications

All new hires are required to attend New Collaborator Orientation (NCO) in Salt Lake City, Utah . The College will pay for travel and lodging accommodations .

Nightingale's commitment to diversity and inclusion is reflected both in our learners and collaborators because we believe the best outcomes for learners from underserved and diverse populations are achieved through collaborators with similar backgrounds and cultures.

Nightingale College is an equal opportunity employer.

Our Mission (not just words on the wall, we live it, love it, and daily contribute to it) : With the primary focus on higher learning in healthcare professions, Nightingale College contributes to elevating education, health, and employment systems through facilitation of academic achievement, personal growth, and professional development of its learners, alumni, and collaborators, while serving diverse communities.

At Nightingale College, our Innovative Education model helps transform rural health landscapes through our blended-distance learning platform.

Every person involved with Nightingale College helps to change the lives of our learners, our communities, and ultimately the world by adding to the quality of healthcare.

We are proud to have graduated over 3,400 nurses serving communities in need. We are serious about our outcomes and have a little bit of fun getting there.

The professional and personal development of our learners and our collaborators is our company's foundation. Not only do we develop strategies that promote a positive work-life integration, but we also create an environment that invites you to become an expert in your field, be it through higher education or professional development.

Put simply, we elevate employment, elevate health, and elevate education. We're so happy that you've found us!