Let Unconventional Thinking Help You Succeed
With more than 51 years of experience in the financial aid community, American Student Assistance® (ASA) is the nation’s first student loan guarantor. Since the beginning, we have remained focused on assisting students and families to successfully complete a program of student loan repayment.
National Guarantor
Our commitment to student success is so great that we were one of the first guarantors to change our business model to succeed only when your borrowers do. We believe that this kind of unconventional thinking makes all the difference.
Results:
- – We guarantee education loans in every state in the nation
- – 7 out of every 10 American schools that ASA works with are located outside of New England
- – Over the last year, students, lending professionals and financial aid administrators in 32 states have benefited from our presentations and training sessions
Investing in Your Students
When your students default on their federal education loans, it costs taxpayers money. By connecting with your students during each stage of repayment, we ensure their loans remain in good standing.
Results:
- – We rehabilitated more than $116 million worth of defaulted loans in 2007
- – Our default prevention and rehabilitation efforts have saved taxpayers more than $40 million over the last 6 years
- – Our post-default recovery solutions present win-win scenarios for borrowers and for taxpayers
Cohort Default Rate
Our CDR of 1.5% is lower than any other guarantor in the country, and well below the national average rate of 4.6%—proving time and time again that our default prevention methods work.
Results:
- – We have the lowest CDR in the nation
- – Our low CDR translates to healthy repayment and fewer defaults for your students
- – Healthy repayment leads to better retention and alumni giving for your school
Think About Tomorrow
ASA is in your community and on your college campuses helping your students to successfully manage their education debt every day. We deliver the information they need, when they need it.
Results:
- – We lead the industry in financial literacy training initiatives
- – Every month we educate at least 333 students about financial literacy
- – In 2007, our staff of Financial Aid Advisors held 1,596 borrower training and advising sessions
