PPT-Helping Borrowers Understand Loan Repayment

Gina Soliz Director of Financial Aid Syracuse University College of Law NYSFAAA 44 On Track for Excellence 101112 How to educate prospective current and graduating students about budgeting amp creating successful loan repayment strategies. Revised 9/2013. Agenda. Student Loans: FFELP vs. Direct. Before July 1. st. , 2010:. After July 1. st. , 2010 (today). Federal. Family Education Loan Program (FFELP). Federal Direct Student Loans:. Higher interest rates on PLUS loans. Presented by Dan Weigle. Manager, School Support Services. FedLoan Servicing. dweigle@pheaa.org. Agenda. Role of the servicer. Communication milestones. Servicer support activities. Default statistics. . Diona. Brown-FedLoan Servicing. Will Shaffner-MOHELA . Repayment Alphabet Soup-Growing a Successful Repayment Strategy for Your Students. Agenda. Income-Driven Repayment Plans Overview. Pay As You Earn Plan. . Alailelai. , TZ. . (. . in the . Ngorongoro. Conservation . Area). Almost all women . in WMI’s . Alailelai. loan program . report . living in a . boma. - a . series of huts made of sticks and . :. Success Strategies for . Your Campus. NelnET. - . NassaU. Community College - Monroe College. . NYSFAAA Conference October 2013. Session Agenda . Current Data and Trends. Default Prevention and Debt Management Strategies. Carter. Director of Student Financial Aid. UNC Charlotte. Loan Default Prevention. Cohort Default Rate (CDR). The . percentage of a school’s federal student . loan borrowers . who enter repayment within the cohort fiscal year . :. A . Second Chance for Borrowers. The Distress of Loan Default. . More than 40% of Americans . with federal student loans . are behind in their payments . or aren’t making them at all.. Fortune, 2016. Loan Repayment Struggles. “Millions of students are senselessly defaulting on their debt while failing to take advantage of programs meant to protect them financially.”. “Many of the student borrowers running into trouble are almost certainly college dropouts who never got any sort of debt counseling, and automatically enrolled in a standard 10-year plan.”. :. A . Second Chance for Borrowers. The Distress of Loan Default. More . than 40% of Americans . with federal student loans . are behind in their payments . or aren’t making them at all.. Fortune, 2016. –. Why some schools have agreed to require more…. Objectives- . Entrance and Exit Loan Counseling Shortfalls. Annual Debt Letters. Importance of education around sticker shock.. Finish on Time . Borrow Responsibly. Braden Hosch, . Assistant Vice President, Office of Institutional Research, Planning & Effectiveness, Stony Brook University. Rachel Dykstra Boon, . Assistant Vice President for Student Success, Ivy Tech Community College. to . Lower Rates. Cohort default rates have decreased. FY 2011 Official. Cohort Default Rate. 13.7%. FY . 2012 . Official. Cohort Default Rate. 11.7%8. 610,956 borrowers defaulted during the FY 2012 cohort period. & Forgiveness Options. Presented by: . Carla Strawn, AVP, Campus Relations Manager, PNC Bank Education Lending. Amy . King, Director of Financial Aid, Alderson Broaddus University. AGENDA. Understanding Repayment Plans:. Ms. Ellen M. Gomes. Director of Medical . Student Financial Aid. Agenda. When Repayment of Federal Student Loans Begins. Different Repayment Plan Types. The . MedLOANS. Organizer & Calculator. Loan Repayment Examples.