Government Contract | Ohio
Cost and Services Default Management Plan

Bid Information

Bid Alert No: 00000594686

Bid Title: Cost and Services Default Management Plan

Agency Bid No. Title: 0620161378

Received Date: 06/08/2016

Close Date: 06/17/2016

Purchase Type: Not Stated

Delivery Point: Miami University, Oxford, Ohio

Delivery Date: Not Stated


Specifications include, but are not limited to:A proactive financial literacy plan - This can be provided either electronically and available to all students, or as an outreach effort targeting at risk student populations.Outreach to students who are in grace period and nearing repayment outreach should include direct links and contact information to loan servicer and repayment options.A comprehensive default prevention program This will include being set up to receive delinquent borrow files directly from NSLDS on a regular basis. We expect the company to contact delinquent borrowers to encourage repayment via letters, emails, and phone calls. The emphasis should be on finding a repayment plan that works for the borrower, and not on forbearance. We expect that the company will set up 3 way calls with loan services when necessary to properly counsel borrowers.Robust reporting tools We expect to have access to data regarding our borrowers and the current status of our cohort. The reporting should include performance metrics, and estimation of our CDR.We expect that all 3 active cohort years will be serviced.

Product Code: 94649

Agency Information

Issuing Agency: Miami University

State: Ohio

Agency Type: State and Local

Contact: Bob Baier

Phone: 513-529-9204




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