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In-House Loans—Should We or Shouldn’t We?. Panel Introductions . Panelists: Roger Patrizio Michael McGillicuddy Ray Siderius Panel Moderator: Paul Stone .
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Panel Introductions • Panelists: • Roger Patrizio • Michael McGillicuddy • Ray Siderius • Panel Moderator: Paul Stone
Why did you start the program? What research did you conduct? How did you get it set up? Who is in charge of the program at your school? The History of Your Loan Program
What percentage of your student population uses your in-house program? Program Use
What type of application process do you use? Do you often find you need to reject applications? What are some of the common reasons that applications are rejected? Application Process
Do you give students full loans or do you require a down payment? How often do students make payments? When do payments start? When do payments end? Repayment of the Loan
What types of fees do students pay?What type of interest do you charge? Fees
What is the default rate on loan payments? What do you do when students don’t make payments? Default
What are other challenges schools should consider when they set up their loan programs? Challenges
How might schools get started setting up in-house loan programs? Getting Started
Why did you start the program? What research did you conduct? How did you get it set up? Who is in charge of the program at your school? The History of Your Loan Program
What percentage of your student population uses your in-house program? Program Use
What type of application process do you use? Do you often find you need to reject applications? What are some of the common reasons that applications are rejected? Application Process
Do you give students full loans or do you require a down payment? How often do students make payments? When do payments start? When do payments end? Repayment of the Loan
What types of fees do students pay?What type of interest do you charge? Fees
What is the default rate on loan payments? What do you do when students don’t make payments? Default
What are other challenges schools should consider when they set up their loan programs? Challenges
How might schools get started setting up in-house loan programs? Getting Started
Why did you start the program? What research did you conduct? How did you get it set up? Who is in charge of the program at your school? The History of Your Loan Program
What percentage of your student population uses your in-house program? Program Use
What type of application process do you use? Do you often find you need to reject applications? What are some of the common reasons that applications are rejected? Application Process
Do you give students full loans or do you require a down payment? How often do students make payments? When do payments start? When do payments end? Repayment of the Loan
What types of fees do students pay?What type of interest do you charge? Fees
What is the default rate on loan payments? What do you do when students don’t make payments? Default
What are other challenges schools should consider when they set up their loan programs? Challenges
How might schools get started setting up in-house loan programs? Getting Started
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