PPT-Defense To Borrower Repayment

This IS The Next BIG Thing AGENDA Overview IssuebyIssue Discussion Questions 47 th Annual Northwest Career Colleges Federation Conference Thursday May 19 2016 ISSUES 13 Issues. University of Notre Dame. Topics. Understand Your . Commitment. Repayment. Repayment Plans. Consolidation. Repayment Relief. Consequences of Late Payments. Money . Management. Tax . Benefits. Getting . An Overview of Borrower and School Services. Agenda. The Borrower Experience. Borrower Communications. Customer Service. Borrower Portal – Account Access. The School Experience. Communications. . Access. Managing Loan Default:. Facing the Facts. . Facing the Facts. Fact 2: The Three Year CDR is Here. 2014 is the first year institutions will be subject to sanctions for the FY 2011 3-year cohort default rate. . *. . What’s New,. . * . What’s Still True,. . * . What Your Colleagues . are Doing to Keep Their . Rates Down. PASFAA Conference, October 2014. Cohort Default Rates . Federal Loan . Repayment and Public Service Loan Forgiveness. Anne Del Plato, Nelnet. Scott Orris, . Navient. NYSFAAA Conference, October 2014 . Discussion Topics. STUDENT LOAN REPAYMENT OPTIONS. Kimber Decker. Regional Director, Partner Solutions. Nelnet. Loan Servicing. SPLIT LOAN SERVICING. FFELP loans . owned and serviced by . lenders and servicers. FFELP loans . :. 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.”. Default Rate. a·nat·o·my. əˈnatəmē. /. noun. noun. : anatomy; noun: anat. .. The . branch of science concerned with the bodily structure of humans, animals, and other living organisms, especially as revealed by dissection and the separation of parts. The bodily structure of an organism.. 2012 Fall Conference. Income-Driven . Repayment Plans . & Public Service Loan Forgiveness. Session 8. Income-Driven Plans - Overview. Three main plans. Income-Contingent Repayment Plan (ICR) – 1994. 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. 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. PAYE Pay As You EarnREPAYE Revised Pay As You EarnNew Direct Loan borroweras of 10/1/2007 and borrowed post 10/1/2011No FFEL LoansAvailable toallborrowers of Direct Loansregardless of when the borrowe A loan borrower may be entitled to repayment forgiveness for all loans of the same type at once:. (1) Temporary Loan Emergency Funds; (2) Comprehensive Support Funds (Initial Loan); (3) Comprehensive Support Funds (Additional Loan); and (4) Comprehensive Support Funds (Relending).