Following is an annual price breakdown of the two cost effective programs, the Platinum program and the Platinum and Repayment Servicing program, that we offer.
|
| WISS PLATINUM = Default Rate Reduction Only |
WISS charges only $5 to load and track all accounts
in your applicable cohort denominator. We will track these accounts until
the cohort is over. You will have online access to data which is updated
daily. With this data you can calculate your present rate as the cohort
proceeds.
WISS charges $80 only if an account first goes past due and is then
brought to a current, forborne or deferred or put in an IBR status.
|
|
Example
Using WISS Platinum
for a school with 100 accounts in a cohort.
| Accounts loaded |
$5 x 100 = $500 |
Past due accounts brought current
|
$80 x 20 x 3 = $4,800 |
____________
Total
= $5,300
|
Plug in your own numbers and compare by using the numerator and denominator
of your most recently published default rate. You may also print out
a printer friendly version of this page by clicking the icon below.
| Denominator or loans in repayment |
$5
x _____=_____ |
| Numerator or defaults |
$80
x ____ x 3 =_____ |
Total
= _________
|
|
|
Example Using Competition
| Accounts
loaded |
$35
x 100 = $3,500
|
Monthly
Charge
|
$2
x 36 months x 100 = $7,200
|
____________
Total
= $10,700
|
Plug in your own numbers
and compare
Denominator or loans in repayment:
$35 x ________ = _________
Denominator or loans in repayment
$2 x 36 months x _______ = _________
_______________
Total
= ________
|
|
 |
| |
| WISS PLATINUM = Default Rate Reduction & Repayment Management Servicing |
WISS charges only $5 to load a delinquent account
only onto our system and track this account for up to five years.
WISS charges $80 only if an account first goes past due and is then
brought to a current, forborne or deferred or put in an IBR status.
|
|
|
Example
Using WISS Platinum and Repayment Services
for
a school with 100 accounts in a cohort and a 20% default rate.
| Accounts
loaded |
$5
x 100 = $500
|
Past
due accounts brought current
|
$80 x 20
x 4 = $6,400
|
____________
Total
= $6,900
|
Plug
in your own numbers and compare by using the numerator and
denominator of your most recently published default rate.
You may also print out a printer friendly version of this
page by clicking the icon below.
| Denominator
or loans in repayment |
$5
x _____=_____ |
| Numerator
or defaults |
$80
x____x 4 =_____ |
Total
= _________
|
|
|
|
Example Using Competition
| Accounts
loaded |
$35
x 100 = $3,500
|
Monthly
Charge
|
$2
x 60 months x 100 = $12,000
|
____________
Total
= $15,500
|
Plug in your own numbers
and compare
Denominator or loans in repayment:
$35 x ________ = _________
Denominator or loans in repayment
$2 x 60 months x _______ = _________
_______________
Total
= ________
|
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 |
