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Default Prevention Outreach programs educate and counsel student loan borrowers on their obligations while they are in school or entering their repayment grace period. They also provide valuable information on loan repayment, personal finance, and career planning in order help the student succeed in replaying their loan obligation and build good credit by not becoming delinquent or going into default on their loan. These programs are Federally funded pursuant to {34 CFR 682.422(h)}, and are earmarked specifically for this use. For more information on these ISAC programs contact our Default Prevention Outreach Department.

Online Entrance/Exit Counseling

In partnership with Mapping Your Future, ISAC enables students and schools to meet federal requirements for loan counseling via the Internet, through interactive Stafford and Perkins entrance and exit counseling and test sessions, and ExitExpress.

Default Prevention Outreach Materials

ISAC has developed these unique Default Prevention Outreach materials to educate students on the consequences of defaulting on a student loan and the many resources available to help them successfully repay their loans. All of the materials are free of charge and were designed to motivate students to understand their responsibilities and the many benefits they’ll receive from being credit worthy.

Personal Finance Presentation

Personal Financial Literacy is one of the cornerstones of ISAC’s default prevention outreach efforts. Because of this, ISAC will visit school campuses and have qualified instructors provide a one hour interactive presentation on personal finance. We encourage schools to schedule a seminar during student orientation or early in the student’s college career.

Mapping Your Future

Mapping Your Future is a non-profit, public service Web site providing college, career, and financial aid information and services, and is quickly becoming the Default Prevention Web site. Visitors to Mapping Your Future may choose from several topics such as: 10 Steps to Financial Fitness, Budget Calculator, CAREERSHIP, Debt/Salary Wizard, and Deferment Navigator to name a few.

Mapping Your Future is a national collaborative financial aid industry organization sponsored by guaranty agencies such as ISAC, which participate in the Federal Family Educational Loan Program (FFELP) and are committed to providing information about higher education and career opportunities.

Consumer Credit Counseling Partnership

ISAC has developed a key partnership with Money Management International to provide professional consumer credit counseling to delinquent student borrowers in order to assist them in repaying their loans and preventing default. Metropolitan Family Services is a reputable not-for-profit organization which is certified by the National Foundation of Consumer Credit Counseling and provides free budget counseling, both in person and over the phone. It is also an umbrella organization for other important social services such as substance abuse, family planning, family violence and others.

National Credit Education Week

ISAC actively participates in this weeklong national awareness event to help educate students on personal finance in order to make smart money decisions. To show support for this event, the Governor’s Office has also formally recognized National Credit Education Week in the form of a Gubernatorial Proclamation.