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University of Louisville

Journal

1976

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Full-Text Articles in Education

Collecting National Defense/Direct Student Loans: Is It A Financial Aid Office Responsibility, John S. Swift Jr. Feb 1976

Collecting National Defense/Direct Student Loans: Is It A Financial Aid Office Responsibility, John S. Swift Jr.

Journal of Student Financial Aid

Annually, millions of dollars are not available to reloan because colleges are not making a real­ly sincere effort to collect the loans past due and delinquent. Catching up on the accounts which have become delinquent is the hardest job because of the time it takes. But once you are current, keeping ahead of borrowers whose accounts become delinquent is not as difficult or as time consum­ing. The hurdles, in the order in which they exist, are to accept the situ­ation, to coordinate collection, and to begin contacting those in arrears. The rewards are well worth the time and the cost.