Benefits of the ASA Guarantee for Consolidation Loans

Keeping borrowers on track—for as long as it takes

We’re protective of our portfolio. ASA boasts the second lowest default rate in the country and lowest among the national guarantors. We achieve this distinction through our outreach and education programs that keep more and more borrowers in good standing. Securing the financial “Wellness” of every borrower in our portfolio is our number one priority. And for consolidation borrowers with larger-than-average balances and longer repayment terms, the Wellness concept takes on even more importance. We work to ensure that your consolidation borrowers stay on track throughout their entire repayment, saving you the costs associated with default while at the same time helping you to build a portfolio of healthy customers for your lending institution.

Our portfolio of Consolidation Loans (from borrowers who did not previously have underlying loans guaranteed by ASA) is proof of our commitment to Wellness. Of the total amount of Consolidation Loans currently in repayment, less than 2% are in default thanks to our sound loan management and extensive borrower support.

NSLDS loan statistics of consolidation borrowers without previously ASA-guaranteed loans, 2005.

Thinking of becoming a consolidation lender with ASA?

To learn more about this important emerging market, and ASA’s plans for its lenders, please contact Robert Cole, Director of Business Development, at rcole@amsa.com.