Student Loan Default Prevention Advisor

Nightingale Education Sole Mb; Salt Lake City (UT); On-site; USD 55,000 - 65,000; Full time

Job summary

Nightinhale Education Sole Mb in Salt Lake City, UT is seeking a Prevention Specialist focused on reducing default on federal Direct Loans. The role involves educating learners about loan responsibilities and guiding them through repayment options to stay in good standing.

You will monitor borrower accounts, contact at-risk borrowers, and craft personalized repayment plans while coordinating with loan servicers to ensure timely payments and accurate records.

Qualifications

• Associate's Degree in business, finance, accounting or related field is required.
• At least two years of experience in financial services, student loan servicing, higher education, or counseling.
• Demonstrated knowledge of Federal Student Aid.
• Demonstrated proficiency in Microsoft Office applications.

Responsibilities

• Monitor and analyze student loan accounts to identify borrowers at risk of default.
• Reach out to at-risk borrowers via phone, email, and other communication methods to discuss their financial situation and repayment options.
• Develop and implement personalized repayment plans and strategies for borrowers to prevent default.
• Provide borrowers with information on deferment, forbearance, consolidation, and other available options.
• Maintain accurate records of borrower interactions and interventions in compliance with regulatory requirements.
• Collaborate with internal departments and external partners to ensure timely processing of payments and account updates.
• Educate borrowers on financial literacy and resources available to help them manage their loans effectively.
• Prepare and present regular reports on default prevention activities and outcomes to management.
• Stay current on industry trends, regulations, and best practices in student loan management and default prevention.
• Participates in the successful implementation of other functional projects as they arise.

Skills

Communication skills

Financial literacy

Counseling abilities

Education

Associate's Degree in business, finance, accounting or related field

Tools

Microsoft Office

Job description

Nightinhale Education Sole Mb in Salt Lake City, UT is seeking a Prevention Specialist focused on reducing default on federal Direct Loans. The role involves educating learners about loan responsibilities and guiding them through repayment options to stay in good standing.

You will monitor borrower accounts, contact at-risk borrowers, and craft personalized repayment plans while coordinating with loan servicers to ensure timely payments and accurate records.