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. For more about TICAS see ticasorg This report was researched and written by Matthew Reed and Debbie Cochrane Special thanks to the entire TICAS sta57374 virtually all of whom made important contributions We also thank the sta57374 of Aeronet Communi 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. P.V. Viswanath. Learning Goals. What are some problems with group lending?. What can a model of individual loans with costly debt collection tell us?. Can progressive lending be used to resolve some of the problems with individual lending?. 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. &. Public Service Loan Forgiveness. Agenda. Income-Driven Repayment Plans. Understanding “partial financial hardship”. Understanding IBR/Pay . As You Earn – the good, the bad, and the . ugly. Federal Loan . Repayment and Public Service Loan Forgiveness. Anne Del Plato, Nelnet. Scott Orris, . Navient. NYSFAAA Conference, October 2014 . Discussion Topics. December 2011. STUDENT LOAN REPAYMENT OPTIONS. Raina Chezem. Regional Director, Partner Solutions. Nelnet. Loan Servicing. GRACE PERIOD, DEFERMENTS, FORBEARANCE, AND FORGIVENESS PROGRAMS. GRACE PERIOD. 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.”. 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:. • NSF • Late paymen amount months months dat separation/graduation months (whichever comes • W (member’ choice): defermen interest terest interest• After repayment (member’ choice befor en 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). 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.