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ScholarNet Urges Financial Aid Offices to Act Now as Default Risk Climbs

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Portfolio Navigator Gives Schools a Fast, Data-Driven Way to Reach At-Risk Borrowers.

LINCOLN, Neb., June 22, 2026 /PRNewswire/ — ScholarNet, the private student loan processing and portfolio management platform serving hundreds of institutions nationwide, is urging financial aid offices to act now. New federal data points to a sharp rise in Cohort Default Rate (CDR) risk heading into fiscal year 2026.

In February 2026, the Department of Education reported that more than 1,800 institutions now have nonpayment rates of at least 25% — a level the Department calls a direct warning sign for CDR risk and possible loss of Title IV eligibility.

Why Default Risk Is Rising

Several pressures are converging at once. Five years of pandemic-era payment pauses hid repayment problems that are now surfacing as those borrowers enter the CDR window. At the same time, the end of the Saving on a Valuable Education (SAVE) Plan has left millions of borrowers in transition.

The new Repayment Assistance Plan (RAP) is expected to open July 1, 2026. That transition creates a narrow, time-sensitive window to reach borrowers, guide them back into repayment, and head off delinquency and default before it counts against the school.

Portfolio Navigator: Built for This Moment

Portfolio Navigator pulls National Student Loan Data System (NSLDS) data into a single dashboard, sorts borrowers by delinquency stage, and runs targeted outreach by email, letter, and phone. A financial aid office can complete a full outreach cycle in under an hour a month.

“The CDR environment has fundamentally changed, and the data is clear: institutions need to act now, not in September when official rates come out,” said Mike Mutziger, Vice President of Sales and Marketing at ScholarNet. “Financial aid professionals know what’s at stake. They need a practical, scalable tool to reach at-risk borrowers efficiently. That’s exactly what Portfolio Navigator does.”

For schools already using ScholarNet, Portfolio Navigator is complimentary — no added vendor fees and no separate contract.

Real Results: Lindsey Wilson University

Lindsey Wilson University, a Kentucky liberal arts school, turned to Portfolio Navigator as post-pandemic repayment challenges pushed its CDR risk higher. Director of Financial Aid Audrey Price moved her team from reactive default response to proactive intervention — and the results came fast. The school’s CDR risk factor fell from nearly 27% to 8% for the 2025 cohort.

“Portfolio Navigator has been a game changer,” Price said. “We’re not just processing aid anymore — we’re helping students succeed.”

The Clock Is Ticking — Act Before September

Official FY 2023 CDRs will be released in September 2026. With RAP enrollment expected to open July 1, schools have an opportunity to reach borrowers before transition confusion turns into delinquency.

ScholarNet will be at the National Association of Student Financial Aid Administrators (NASFAA) 2026 National Conference (June 29 to July 2, National Harbor, Md.) to demonstrate Portfolio Navigator and talk through CDR management strategies with financial aid professionals.

About ScholarNet

ScholarNet is a lender-neutral platform for private student loan certification, disbursement, and portfolio management, connecting hundreds of institutions with private loan providers nationwide. Its Portfolio Navigator tool helps schools proactively manage federal loan portfolios and Cohort Default Rates through NSLDS-powered borrower outreach. ScholarNet is part of Nelnet, a diversified education services company. Learn more at myscholarnet.com.

View original content:https://www.prnewswire.com/news-releases/scholarnet-urges-financial-aid-offices-to-act-now-as-default-risk-climbs-302806794.html

SOURCE ScholarNet

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Medmovie’s Hx Heart Video Library Powers Patient Education at Cardiovascular Practices Worldwide

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Physician-validated, privately branded HD video helps heart patients understand their care.

BERKELEY, Calif., June 22, 2026 /PRNewswire/ — Medmovie, Inc., a leader in cardiovascular medical visualization, today highlighted the global reach of its Hx Heart Video Library (HVL), a hosted patient-education solution licensed to clinics and hospital systems for more than a decade.

The HVL turns the cardiovascular conditions, diagnostic tests, procedures, and medications heart patients encounter into concise, accurate HD videos — helping clinicians spend less time explaining and more time connecting with their patients.

The HVL is a curated collection of clinician-reviewed cardiovascular videos. Practices and hospitals can license, brand, and embed it directly on their websites.

Users to-date span multiple continents, including hospitals in Australia and Germany, a national trade association, and cardiology practices in the United States and around the world.

Every video is reviewed and validated by Medmovie’s MD editorial board. The Hx Heart library is brought to you by the same creative developers of the CardioSmart Heart Explorer App, which was created and produced by Medmovie and distributed by the American College of Cardiology (ACC) through 2024.

Cardiovascular specialists who rely on Medmovie’s visual content have seen its impact firsthand.

“Over the past year, my clinic’s website, www.sukruakyuz.com, has attracted more than 100,000 unique visitors per month, and my YouTube videos have generated nearly 7 million views,” said Dr. Sukru Akyuz, interventional cardiologist in Turkey. “This level of reach and engagement would not have been possible without Medmovie’s exceptional medical animations and support. Thanks to their contributions, I have achieved my goal of becoming one of Turkey’s most recognized interventional cardiologists.”

From the point of care to a clinic’s online presence, Medmovie’s trusted visual content helps patients see and understand their own care. The Hx Heart Video Library is available now to cardiovascular practices, hospitals, and health systems worldwide.

See the library in action at medmovie.com/cvl — the same branded player can be customized with a practice’s or hospital’s logo and embedded on its website in a matter of days. Watch a sample, the CAD video on the hidden risks of coronary artery disease, at https://youtube.com/shorts/0Tt-k8XkrTk

Healthcare organizations and practices interested in licensing the Hx Heart Video Library can contact Medmovie at medmovie.com/contact.

About Medmovie, Inc.

Medmovie translates complex medical and life science information into accurate, easy-to-understand, strategically focused visual media. Our clients leverage our experience, validated animations, and interactive media to create cost-effective, innovative tools to help tell their stories. We are a team of trained Medical Illustrators and Animators who love our work and are passionate about our simple goal: we want our clients’ stories to be fully understood.

Media Contact

Sarrah Hussain
Director of Communications
Medmovie, Inc.
sarrah@medmovie.com

© 2026 Medmovie, Inc. All rights reserved. Medmovie is a registered trademark of Medmovie, Inc. All other trademarks are the property of their respective owners.

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SOURCE Medmovie, Inc.

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Kevin Wheeler to Retire as Executive Chairman; President and CEO Stephen Shafer Named Chairman

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MILWAUKEE, June 22, 2026 /PRNewswire/ — A. O. Smith Corporation (NYSE: AOS), a global leader in water technology, announced today that Executive Chairman Kevin Wheeler will retire effective July 1. The company’s board of directors has elected Stephen Shafer, president and chief executive officer (CEO), as chairman upon Wheeler’s retirement. Wheeler will remain a member of the company’s board of directors.

“Kevin’s impact on A. O. Smith spans three decades,” said Chris Mapes, lead director of the board. “During his tenure, the company expanded its global footprint, strengthened its portfolio through multiple acquisitions and successfully navigated the challenges of the COVID-19 pandemic while maintaining strong operational performance.”

Wheeler joined A. O. Smith in 1994 as a regional sales manager for the former Water Products Company and held various senior leadership roles across the business before becoming president and CEO in 2018 and chairman in 2020.

Shafer, who has served as president and CEO since July 2025, becomes the 11th CEO to assume the role of chairman in the company’s history. He joined A. O. Smith in 2024 as president and chief operating officer. As chairman, Shafer will lead the board of directors and continue to oversee the company’s global operations, strategic direction, profitability and shareholder return.

“Steve has demonstrated strong, strategic leadership and a deep understanding of our business and growth opportunities,” said Mapes. “His combined role as chairman and CEO will further strengthen alignment across our strategy, operations and long-term value creation.”

Before joining A. O. Smith, Shafer held roles of increasing responsibility at 3M Company across multiple business units in the U.S. and China. Earlier in his career, he worked at McKinsey & Co. and Ford Motor Company. Shafer serves on the boards of the Air Conditioning, Heating, and Refrigeration Institute and the Metropolitan Milwaukee Association of Commerce, as well as the Executive Advisory Board for WorkBoard Inc.

“As chairman, I will continue leading this outstanding company and team with focus and discipline,” said Shafer. “We remain committed to driving innovation, serving our customers and advancing our purpose to find a better way. I would also like to thank Kevin for his leadership and continued support through this transition and look forward to benefiting from his continued guidance as a member of our board going forward.”

About A. O. Smith

A. O. Smith Corporation, headquartered in Milwaukee, Wisconsin, is a global leader applying innovative technology and energy-efficient solutions to products manufactured and marketed worldwide. Listed on the New York Stock Exchange (NYSE: AOS), the company is one of the world’s leading manufacturers of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment and water management products. For more information, visit www.aosmith.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/kevin-wheeler-to-retire-as-executive-chairman-president-and-ceo-stephen-shafer-named-chairman-302806975.html

SOURCE A. O. Smith Corporation

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S&P Global Declares Third Quarter Dividend

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NEW YORK, June 22, 2026 /PRNewswire/ — The Board of Directors of S&P Global (NYSE: SPGI) has approved a cash dividend on the Company’s common stock for the third quarter of 2026. The dividend of $0.97 is payable on September 10, 2026, to shareholders of record on August 26, 2026. The annualized dividend rate is $3.88 per share.

The Company has paid a dividend each year since 1937 and is one of fewer than 30 companies in the S&P 500® that has increased its dividend annually for more than 50 years.

About S&P Global:

S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive economically in a rapidly changing global landscape. 

From helping our customers assess new investments across the capital and commodities markets to guiding them through the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world’s leading organizations to unlock opportunities, solve challenges, and plan for tomorrow – today.

Contacts:

Investor Relations:
Mark Grant
Senior Vice President, Investor Relations and Treasurer
Tel:  + 1 347 640 1521

Media:
April Kabahar
Global Head of Corporate Communications
Tel:  +1 212 438 7530

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/sp-global-declares-third-quarter-dividend-302806889.html

SOURCE S&P Global

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