Ozarka College Has Low Student Loan Default Rates

The Financial Aid office at Ozarka College has received more good news about their student loan default rates. By developing a Default Management Taskforce, a Default Management Plan,  enhancing face-to-face counseling each year, working with a third party servicer, and heavily monitoring the default rates, they continue to see a decrease in student loan defaults.The 2012 three year cohort default rate is currently at 20.46%, 2013 is at 11.15% and 2014 is at 4.42%. These rates are more than 50% lower than the previous three-year cohort default rates.Ozarka College's efforts in successfully lowering loan default rates and having fewer students need loans is just one way they work towards helping their students.   Students are provided with information on scholarships, payment plans, Pell grants, and work-study opportunities, which will help them with obtaining their educational goals with fewer loans. Having students earn degrees with less debt affords the students more opportunities for a brighter, more successful future.Registration for Summer semester courses is now open and Fall registration will begin on April 13, 2015. For more information about financial aid opportunities, please call 870.368.2009 or email: finaid@ozarka.edu