COHEAO is pleased to announce the publication of a refreshed version of our “Campus-Based Loan Reference Document.” The updated version can be read here.
This comprehensive guide serves as an evolving reference for institutions looking to create, review, or update their institutional lending programs. By combining collective knowledge from higher education leaders, industry specialists, and the COHEAO board, this version provides a robust framework for navigating the complexities of campus-based financing.
What’s Inside the Refresh?
The updated document covers critical aspects of program management, including:
- Strategic Rationale: Addressing funding gaps created by new graduate and professional Direct Loan limits.
- Operational Due Diligence: Guidance on program funding, state licensing research, and disbursement scheduling.
- Compliance and Servicing: Best practices for promissory note language, entrance/exit counseling, and third-party servicing research.
- Risk Management: Insights into delinquency impacts, collection flows, and statute of limitations considerations.
Looking Ahead
The Campus-Based Loan Reference document is part of COHEAO’s ongoing efforts on campus-based lending. Join the Loan Task Force and stay tuned for additional updates and new materials to provide further technical and strategic information on specific lending models.
For additional information, please contact:
- Sean Steinmarc: Loan Task Force Chair (ssteinmarc@tfctuition.com)
- Lori Hartung: Past-President (lori.hartung@globalpayments.com)
- Wes Huffman: Strategic Advisor (huffman.wes@gmail.com)
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