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A comprehensive PowerPoint presentation guide for senior loan exit interviews, covering statutory requirements and offering suggestions for effective use. Includes Direct Loans, Perkins Loans, and more. For school use only.
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Senior Loan Exit Interview Class of 2012 Statutory Requirements and Suggestions for Use of PowerPoint Presentation FOR SCHOOL USE ONLY Sponsored by ADEA AFASA Spring 2012
statutory requirements • Direct Loans and FFELP Loans • Federal Student Aid Handbook, Chapter 6 • Perkins Loans • Code of Federal Regulations (CFR) 674.16(a) • HPSL and LDS • Student Financial Aid Guidelines (December 2011)
suggestions for use • Slides may be used in part or in their entirety, depending on your needs and time allowed for presentation • ADEA respectfully requests that should you delete some slides, please maintain the same order for the remaining slides
suggestions for use • ADEA respectfully requests that no content be changed • Should you need to replace repayment slides with different figures (for example, Grad PLUS borrowing), please copy to a new slide then change, maintaining original slide
EXIT requirements • MPN and Rights & Responsibilities • NSLDS • Importance of obligation • Consequences of default • Repayment required, period • Repayment examples
EXIT Requirements • Review repayment options • Loan consolidation • Prepayment • Repayment strategies • Deferment, forbearance, cancellation • Ombudsman
EXIT Requirements • Collect and update borrower information • Repayment benefits vary by lender • Tax benefits
Thank you good luck With your senior loan exit interviews Please send any feedback, comments, or questions to wellsa@adea.org. Thank you!