Delinquency and Default Claim Characteristics

1
Delinquency and Default Claim Characteristics

• Shelley Turner
• OSAC

2
Agency Portfolio

• Oregon Student Assistance Commission serving the
  state of Oregon
• Outstanding Guarantee Portfolio 10/02
  850,217,949
• Outstanding Default Portfolio 10/02 110,053,949
• Claims/Collections/Support Employees 30 FTE

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Default Claim Statistics FFY

• Borrower Default Claims Paid
  FFY 00 1,166 6,975,448
• FFY 01 1,479 9,035,579
• FFY 02 2,216 15,651,913
• Average Borrower debt _at_ default
• FFY 00 5,982
• FFY 01 6,109
• FFY 02 7,063

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Defaults Based on School Type

00
01
02
5
Enrollment Status _at_ Default

00
01
02
6
Repayment to Default

7
Age of Borrower At Default

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Preclaim Statistics

00
01
02
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Focus on Preclaims

• Improved information distribution
• Website
• Publications
• School training
• Phone calls over letters
• Recalls

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Forecasting the Future

• Economy lack of jobs with a living wage
• Education budget shortfalls
• New Loan Volume by originating school

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THANK YOU!

• Shelley Turner
• OSAC