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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
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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!