0xbt

Previous to the direct loan transition, Baker processed over $15 million annually in FFELP, Stafford, and PLUS loans for roughly 3,000 borrowers. We are trying at risk administration. So we're trying to handle that shortly. Now we have servicers which have performance-based mostly contracts, so they're incentivized to do no matter they will when it comes to financial literacy and default prevention to lower those rates. This info is essential now that the loans made by a school will be assigned to multiple servicers. When it comes to default prevention, we are leveraging the servicers we now have contracts with for personal sector servicers for the Direct Loan Program. And I'd argue that discussing general default charges is one thing that isn't that helpful to me, truthfully, without getting down into the weeds, and in that vein, though the low default charge at Denison is very commendable within the Direct Loan Program, your college is totally completely different than Indiana College.