The New York Statewide Default Prevention Project

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Tools

Strengthening the Relationship between the Borrower and the Loan
The first set of tools is designed to help schools help borrowers strengthen the relationship between a borrower and his or her loan. The Advisory Team reached out to lenders and guaranty agencies across New York inviting them to share with the community any available products and services which serve this goal. Click here to jump to a page listing those products and services.

Strengthening the Relationship between the Borrower, the Educational Process and Goals
This page is under construction. We anticipate posting here resources that schools can review as they consider how they can support students to be more successful students. Student success, in general, translates into reductions in loan default, and we believe that holistic approaches to this problem will provide the most effective strategies. We will be sending further information to all schools about the relationship between student success and loan default in the near future.




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The information presented on the NYSFAAA Website is provided as a service from the New York State Financial Aid Administrators Association to our constituents and represents our best efforts to assist students and their families in pursuing funding for higher education. NYSFAAA is a volunteer association of financial aid professionals representing the various institutions of higher education in New York State. We have collected information we believe to be important and reputable in finding and obtaining financial aid resources; however, we assume no liability for the use of this information. The New York State Financial Aid Administrator's Association, Inc (NYSFAAA) does not receive any money, gifts or compensation, related to educational lending activities, from any "lending institution" as defined in S620(8)a and S620(8)b of New York State Education Law. Hence, NYSFAAA does not meet the definition of "lending institution" as defined in S620(8)c of New York State Education Law. Therefore, institutions of higher education in New York and employees of those institutions are not subject to any potential conflicts of interest or legal restrictions under NYS Education Law in their interactions with NYSFAAA.*
* This statement does not constitute, and should not be construed as, legal advice.