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As we reflect on the flexibility and endurance that has been a necessity for 2021, we know we continue to move forward in sharing the same goals. We are proud to be by your side helping students learn how to pay for college, get their financial aid, borrow wisely and manage their student loan situations. The pandemic has just added to the challenging situation for many, as they aren’t able to meet their basic needs.
Hunger continues to be a growing issue for students at a national level—both in classrooms and on college campuses. For too many younger students, building strong educational foundations can’t be a top priority with the burden of food insecurity impacting how they live, learn and grow.
In ongoing support, Inceptia proudly continues our holiday tradition of donating to Lincoln, Nebraska’s BackPack Program, a local charity dedicated to fighting child hunger. An example of resilience, the BackPack Program has resumed their regular programming and is distributing an estimated 2,000 backpacks each week.
For us, this is another way to contribute to a foundation in which youth can focus on opportunities to learn and thrive. It is because of our valued partnership with clients like you, that we are able to give back in this way; we hope it makes a meaningful difference to future generations of students.
We thank you for your partnership and wish you a joyful holiday season and an optimistic outlook for the New Year!
As part of our non-profit mission, we are dedicated to supporting students’ higher education dreams by teaching them how to pay for college, get their financial aid, borrow wisely and manage their student loan obligations.
The dream of a bright future dims for many that aren’t able to meet their basic needs and their challenges are compounded by the pandemic.
We look forward to working with you in the future and wish you a joyful holiday season and an optimistic outlook for the New Year!
Based on the CARES Act and subsequent Executive Orders, student loan repayment is scheduled to resume on February 1, 2022. Many questions loom regarding Cohort Default Rates (CDR) and the future impact of all currently deferred borrowers resuming repayment at approximately the same time.
CARES Act Impact on CDRs and Open Cohort Years
A large number of borrowers will all reenter repayment in February 2022. This will likely result in higher delinquency placements and higher delinquency cure rates during April, May and June. After that time, placements and cures are likely to return to normal or slightly lower levels. It is expected to be a 12-month period of abnormal placement and cure rates.
Visit Inceptia’s Cohort Year Impact Tool to see how the timeline impacts the cohort year. Contact Tami Gilbeaux and visit her dedicated solutions and resources page.