A Few Words on Our VFA
At American Student Assistance, our Voluntary Flexible Agreement (VFA) with the United States Department of Education is centered on the simple concept of “wellness”—keeping student loan borrowers financially healthy and in good credit standing by proactively helping them manage their debt.
To reinforce this focus, our revenues are based on a system of “pay-for-performance,” weighted toward the results of our delinquency and default prevention activities.
A Win-Win Scenario
We believe the Voluntary Flexible Agreement is better for everyone.
In fact, educating student borrowers about debt management and preventing default results in:
- – Exemplary credit for the borrower
- – Cohort default sanctions avoided by schools
- – Money savings for lenders, taxpayers and the federal government.
Downloads
- – 2007 Voluntary Flexible Agreement Report (pdf, 813 KB)
- – VFA Contract (pdf, 98 KB)
- – VFA Initiatives & Results (pdf, 706 KB)
- – First Generation VFAs (pdf, 415 KB)
