We hope that our series on lender RFIs and RFPs have helped you create a strong lender list practice. We’ve heard from a number of schools that in the past the RFI/RFP process has been driven by calendar dates. But considering today’s climate that includes such developments as the subject-to-change clause, lender term accuracy guides the process. Many schools choose to wait for confirmed terms before distributing any information to students.
Rethinking how you approach the RFI/RFP process puts you in a better position to adapt to the changing environment and provide your students with the most accurate information to make a sound financial decision.
If you’re interested to learn more about what’s going on in the student loan industry, check out the schedule for our upcoming informational calls in “Be in the know with T.H.E. informational calls.”
What are some other insights this year’s RFI/RFP process brought up for your school? Share your thoughts on this issue.