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NSLP Services offered to. Todd Woodlee, NSLP Robyn LeGrand, NSLP. August 24, 2010. Agenda. NSLP…Who are we? Services NSLP Offers Introduction to Training in September Q & A. NSLP; History, Vision and Services. Private, not-for-profit 25 years in Federal Student Lending
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NSLP Servicesoffered to Todd Woodlee, NSLP Robyn LeGrand, NSLP August 24, 2010
Agenda • NSLP…Who are we? • Services NSLP Offers • Introduction to Training in September • Q & A
NSLP; History, Vision and Services • Private, not-for-profit • 25 years in Federal Student Lending • Former student loan guarantee agency • Based in Lincoln, NE • Providing Services to 580+ Colleges and Universities in all 50 States • $11 billion portfolio of federal loans to administer and collect
NSLP Vision Statement Empowering Students and Families for a Lifetime of Success.
Our Resources • Federal Financial Aid Training and Compliance Team of Experts • 11 Field Representatives with key presence in following states: • NE, NY, CT, RI, VA, NC, SC, GA, FL, AL, TN, MS, LA, NM, MO, KS, CO, CA, and AZ • Repayment Solutions/Default Aversion Representatives
Our Services • Training and Education • financial aid regulations • money management, financial education • student loans • Experts at providing in-person, webinar, and self-paced, online training
Financial Education Services • Recognized leader in providing financial and money management education for college students and campus administrators • Team of Accredited Financial Counselors certified through AFCPE
Financial Education Services • On-site seminars for college students on numerous money management topics • Delivered 364 sessions YTD • Webinars featuring financial education industry experts • Financial literacy symposiums • CEU credits available for some programs
Financial Literacy Seminar Topics • Budget? What Budget? • 3 Easy Steps to Student Financial Success • 3 Easy Steps to Repaying Student Loans • Your Credit Life Story • Avoiding Identity Theft • Money Management – Covering the Basics
Financial Literacy Seminar Topics • Heads & Tails of Money Management • Smart Credit: Choosing and Using Credit Cards Wisely • Signing on the Dotted Line – What You Need to Know About Contracts • IOU – Making Informed Borrowing Choices
Financial Education Services • Lessons for Life webinars - over 500 campus administrators • “Credit Counseling: A Guide by the NFCC” presented by Susan Keating in February • http://www.nslp.org/vnews/display.v/ART/4b631f68bf176?in_archive=1 • The Ups and Downs of Credit Scoringhttp://www.nslp.org/vnews/display.v/ART/48e13ca1d2dc0 or www.NSLP.org (link on Home Page)
NSLP’s Financial Literacy Online • Current offering: • www.NSLPFLOnline.org • Financial Literacy Online – over 5,000 users in 2010, knowledge gain of 31% from pre-test to post-test • Budgeting, Credit, Credit History, Contracts, Identity Theft, Insurance and Starting a Business
Financial Avenue • New Program launches September 2010 • Designed by trained instructional and e-learning designers. Offering… • Learning Objectives • Pre-Assessment • Post-Assessment
Financial Avenue offers • Activities • Calculators • Articles • Resources • Glossaries
Student Loan Repayment Solutions • Student loan borrower counseling • repayment options • resolving delinquencies and defaults • rehabilitating student loans • Default prevention services for campuses • We have 25 years experience and access to latest Department of Education information
Student Loan Debt is Rising • Student loan debt now exceeds credit card debt, according to experts • $829.7 billion in student loans • $826.5 billion in revolving credit • Along with a degree… • undergraduate students leave college withover $20,000 in student loans • graduate students have over $60,000 in loans
The Situation: • Students and families will continue to borrow for higher education and debt levels will continue to rise. • Student loans are complicated. • To avoid severe, life-altering consequences, borrowers must understand their student loan options.
Recent Legislation • As of July 1, 2010 – All loans originated with Federal Government “Direct Student Loan Program” • 5 Contracted Servicers: • ACS -AES • Sallie Mae -Great Lakes • Nelnet
Repayment Options • Standard and Graduated • Income Driven: Income Based Repayment, Income Contingent Repayment • Loan Consolidation • Deferment or Forbearance • Loan Forgiveness & Cancellation Programs
Needs of Borrowers • How do I find comprehensive and complete loan history? • www.NSLDS.ed.gov • Budget after School? • What repayment plan works best for me? • What if I’m in trouble and can’t make/haven’t made my student loan repayments?
NSLP’s Student Loan Expertise A unique, innovative program to help credit counselors and others understand the complexities of student loans and student loan repayment options so they can best serve their clients.
Four 90-minute modules cover student loansfrom beginning to end: • Financing a College EducationProvide advice to clients who are considering college. • Student Loan Repayment SolutionsHelp clients stay out of delinquency and default. • Choosing the Right Repayment PlanCase studies for helping resolve financial difficulties. • Student Loan Default—Now What?Learn the options for helping clients correct the situation.
What our clients say... Student Loans: Beyond the Basics 84.2% say it improved their knowledge 85.0% consider it valuable 82.5% would recommend it to others “This is an excellent and affordable way to learn valuable information.” “All the presenters & panels were helpful and very professional. This was fun.”
How it helps you… • Simplifies student loan complexities you will encounter • Helps you help your clients more effectively • Gives you a ready resource • Modules are eligible for 1.5 CEUs through AFCPE with successful completion ofpre-test, post-test, and evaluation
You’re Invited to a Free Webinar For CPR Members at the request from our members “Student Loan Default—Now What? September 21, 3 pm – 4:00 pm Central Time Eligible for 1.5 CEUs through AFCPE Presented by Robyn LeGrand, NSLP
For more information Todd Woodlee Vice President of Business Development 800.735.8778, ext. 6872 or 706.231.0150 toddw@nslp.org