Perkins loan deferments

From: E: Pollitz, Carol A (capollitz@vfcc.edu)
Date: Thu Mar 20 2003 - 16:08:23 EST

  • Next message: Duly, Jeffrey S: "Re: Perkins loan deferments"

    Our loan servicer recently informed us that we could do a "negative"
    deferment. Basically send out a letter to the people close to default
    saying that we would automatically put them in deferment for 6 months unless
    we heard from them within 30 days. They recommended that we send the letter
    out 30 days prior to our year-end so they wouldn't show up as defaulted and
    thereby affect our co-hort default rate.
     
    Does anyone out there in bursar land know anything about this? Both our
    Financial Aid office and outside auditors are leery of this advice.

    Carol Pollitz, CPA
    Comptroller
    Valley Forge Christian College
    1401 Charlestown Road
    Phoenixville, PA 19460
    610-917-1420
    capollitz@vfcc.edu


    Currency.gif

    This archive was generated by hypermail 2.1.4 : Tue Mar 25 2003 - 09:00:38 EST