In fact, Sallie Mae designated the Kansas location as its Default Management Center, where it focuses on reducing delinquencies, improving skip-tracing and ultimately preventing defaults. The company has made notable progress. Sallie Mae also developed A Guide to Default Prevention to help schools improve their financial aid counseling and default prevention services. The Guide also contains several default aversion services Sallie Mae and its lending partners can provide institutions with high default rates. In addition, Sallie Mae's Kansas location hosts monthly on-site default management workshops throughout the year.
Participants also receive a tour of the loan servicing facility.
Sallie Mae representatives can also visit schools to conduct these workshops on an as-needed basis. As the nation's leading provider of education funding, we realize the importance of working with students to first help them realize their higher education dreams, then make sound debt management decisions. By visiting eCollegebid.org, students can bid for college tuition, based on the amount they want to spend rather than the school's sticker price. While some say that the merging of e-commerce and higher education will create greater opportunities for students, others fear that it puts too much emphasis on the college's cost, rather than the quality of education. Va. based college consultant Tedd Kelly, eCollegebid.org, allows students to submit the maximum amount they can pay toward their first-year tuition.