Default Prevention and Management
The Post University Financial Aid Advisors are dedicated to assisting students throughout the repayment process of their Federal Student Loans. This service is provided so that students have a resource available to answer any questions or concerns about student loan repayment. Regardless of the status of students’ loans or time during which students attended Post University, this resource can always be utilized. Borrowers who default on student loans face serious consequences. Federal Stafford Loans are considered in default after 270 days of delinquency. Defaulted loans are reported to national credit bureaus and can negatively impact borrowers’ credit ratings.
Post University has partnered with Inceptia, a division of National Student Loan Program, to provide free assistance with federal student loan obligations to ensure successful, and comfortable, loan repayment. Inceptia’s customer representatives contact students about loan repayment options if they fall behind on payments and become delinquent. Inceptia is not a collection agency. Inceptia offers alternative repayment plans, deferment, consolidation, discharge, forgiveness, and forbearance options. Inceptia will stay in touch via phone calls, letters and/or emails to help students find answers to questions and solutions to issues. For additional resources, including information on repayment options, please visit Inceptia’s Federal Student Loan Overview at https://www.heroknowl.org/.
The Department of Education’s Guarantors and Loan Servicers engage in several methods of outreach to prevent borrowers from defaulting. In order to ensure that students are receiving the most current communications and notifications, it is recommended that students keep contact information updated with Post University as well as with the Loan Servicers. Post University also recommends that students sign up for account access on the Loan Servicers’ website(s).
It is important for students to maintain relationships with their federal loan servicers to remain informed about their loan status. Ultimately, it is the students’ responsibilities to track their amounts of money that have been borrowed at all institutions to understand the total that the student is expected to be repay when entering the repayment period. Students can access their financial aid history at https://www.nslds.ed.gov by logging in with their FSA ID.
Post University Financial Literacy and Repayment Advising Department Contact
Phone: 800.345.2562 ext. 2752 or 203.591.5578
Social Media: Facebook.com/PostFLRA or Twitter.com/PostFLRA
Financial literacy is the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being. Students must use this knowledge to make good decisions related to budgeting, borrowing and repayment strategies. Stay informed for the best ways to utilize financial aid without unnecessarily overburdening yourself with student loan debt.
Making smart financial decisions when it comes to attending college will make for a less stressful process. To learn more about how Post University can make education more affordable and more valuable, visit apply for financial aid to learn about eligibility and requirements to receive federal aid.