GAP FINANCING OPTIONS & PRIVATE LOANS OASFAA Conference Raymond Yee Director, Business Development
|
|
- Hilary Blake
- 7 years ago
- Views:
Transcription
1 GAP FINANCING OPTIONS & PRIVATE LOANS 2016 OASFAA Conference Raymond Yee Director, Business Development
2 FACTORS IMPACTING HIGHER EDUCATION
3 3 Trends Likely to Shape Student Aid Continued rising cost of attendance President s proposal on free community college Decline in availability of non-federal sources of funding Continued pressure on in state and institutional funding due to budget constraints Changes to PLUS loan eligibility and appeals process Flat/declining enrollment on many campuses Improving economy has resulted in a decline in people going back to school
4 4 Legislative / Regulatory Issues Higher Education Act (HEA) up for reauthorization Expired in October 2013; but extended on year-by-year basis 2014: Hearings and proposals 2015: More hearings, possible legislative action Major themes of reauthorization Simplification of federal loan programs Fewer loan types, streamline interest rates & repayment options College cost and school eligibility Gainful employment and measuring school effectiveness Skin in the game accountability for federal aid Consumer protections Information and disclosures Ability to refinance loans; discharge in bankruptcy Servicing and collections requirements
5 5 College Costs Continue to Increase SOURCE: College Board Trends in College Pricing 2014.
6 6 Students Are Taking Primary Responsibility for Borrowing Proportion who borrow within families who borrow Students: 72% Parents: 28% Students signed for nearly three-quarters of the dollars borrowed Proportion of Students Who Borrowed , by Loan Type Source: Sallie Mae (with Ipsos Public Affairs); How America Pays for College, 2015
7 1-2-3 Approach to Paying for College 1 Start with money you do not have to repay. This can include scholarships, grants and work study. 2 Explore federal education loans. Apply by completing the FAFSA 3 Consider filling in the gap with a responsible private education loan.
8 Scholarships Resources Private Resources KFC Scholarships Coca-Cola Scholarships Wal-Mart Scholarships Exxon Mobil Scholarship Ronald McDonald House Charities Scholarships Examples of Free Search Engines General Electric Foundation Scholarships Target Scholarships Scholarship America AT&T Labs Fellowship Program Scholarship Search by Sallie Mae provides free access to more than 5 million scholarships worth up to $24 billion SallieMae.com/ScholarshipSearch Fastweb features over 1.5 million scholarships worth up to $3.4 billion Fastweb.com/college-scholarships Big Future by the College Board offers scholarships, other financial aid and internships from more than 2,200 programs, totaling nearly $6 billion bigfuture.collegeboard.org/scholarship-search
9 Parent or Student Income: Tuition Payment Plans Most colleges and universities offer tuition payment plans Allows parents and students to pay their tuition in manageable monthly payments using their income Tuition payment plans help attract and retain students by giving them an additional funding solution Provides an interest free funding option
10 Federal Loan Options for Undergraduate Students Direct Loans Subsidized Government pays the interest during school, grace and authorized deferment periods Unsubsidized Borrower is responsible for interest at all times, but not required to pay it during school, grace and deferment Other loans: PLUS Loan for Parents AY 15/16 undergraduate interest rates and fees Direct Loans Subsidized Student Loan (only undergraduate students): 4.29% fixed (1.073% fee changes to 1.068% on 10/1/15) Unsubsidized Student Loan: 4.29% fixed (1.073% fee changes to 1.068% on 10/1/15) PLUS: 6.84% fixed (4.292% fee - changes to 4.272% starting 10/1/15)
11 Commonly Used Gap Financing Tools 401(k) Plans Long-Term Investments Home Equity Loans/Lines of Credit Credit Cards Federal Parent PLUS Loans Private Student Loans
12 Tapping 401(k) Plans Often addressed in the media, but parents still dip into their retirement funds to help pay for college Withdrawals are worse than loans, but both can significantly reduce retirement income Pros: Easy to access funds, no credit check or lengthy application process Cons: Double taxation, extra penalty for early withdrawals; lost investment growth = reduced retirement income Rule of Thumb: You can borrow for college, but you can t borrow for retirement!
13 Long-Term Investments (Mutual Funds, Stock, Bonds) Pulling funds out of investments is another option parents leverage to pay for college without borrowing As with 401(k), parent controls the use of funds Depending on economic circumstances, investments may be sold at a loss Some families intend long-term investments to supplement retirement income in the future Lost future investment growth
14 Home Equity Loans or Lines of Credit Home equity loans have tax benefits Parents also like that they are in control of the funds, not the student Foreclosure risk if financial situation changes drastically, such as job loss May need equity for future home improvements/repairs If you sell your home, you will have to pay back the loan Closing costs and other fees
15 Credit Cards Credit cards are probably the most expensive way to help pay for college Interest compounds monthly Special intro-rate offers are limited time Funds are easy to access, particularly when unexpected expenses come up (food/meal plan, books, laptop ) Credit cards also have a limit and using up the credit limit will show on credit reports Many schools assess a fee for paying with a credit card
16 Federal Parent PLUS Loans Some parents like the idea of taking out a loan in their own name but many expect the student to help pay it back 75% of parents state that the student is jointly responsible for paying back the PLUS loan Only 12% intend to pay the loan back without student involvement Cannot be transferred to student PLUS loan has a 6.84% fixed interest rate, and a 4.292% fee (Note: the fee will change to 4.272% on October 1) Can cover the gap, up to 100% of certified cost of attendance Option to defer payments while student is in school
17 17 Private Loan Trends Some lenders are offering fixed rates as good or better than PLUS loans to highly qualified graduate students Some students are seeking out private loans in order to take advantage of the loan rates Private parent loans are becoming more and more common Schools are becoming concerned about debt in the student s name Cosigner release is becoming more of a topic of conversation Death and disability discharge Families are becoming concerned about using 401K funds to pay for their child s education Some lenders have programs available for cohorts of students not eligible for federal programs Less-than- half-time students Prior term balances Continuing education Students are looking for ways to refinance their loans through consolidation
18 Private Student Loans Can be shared responsibility if parent cosigns Can help student build credit especially if scheduled to make payments while in school Covers gap of up to 100% of the school certified cost of attendance Terms and costs vary widely between lenders Option to defer payments while student is in school Note: for parents who want to take responsibility for financing their child s education, a private parent loan may be a good option.
19 Side-by-Side Comparison Federal PLUS Loan for Parents Federal PLUS Loan for Graduate Students Private Student Loans Issuer Federal government Federal government Financial institutions, such as banks or credit unions Name on the loan Parent Student Student and cosigner (if applicable) Approval requirements Parent or endorser must not have an adverse credit history Student or endorser must not have an adverse credit history Generally based on the creditworthiness of the borrower and/or cosigner Require FAFSA Yes Yes No Choice of interest rates Fixed rate only Fixed rate only In many cases, both variable and fixed rates are available Fees Cosigner Release 4.292% for loans first disbursed on or after October 1, 2014 and before October 1, % for loans first disbursed on or after October 1, 2015 and before October 1, No, the parent, and any endorser, has a commitment to repay the loan for the life of the loan 4.292% for loans first disbursed on or after 10/1/14 and before 10/1/ % for loans first disbursed on or after 10/1/15 and before 10/1/16. No, the student, and any endorser, has a commitment to repay the loan for the life of the loan Generally no origination / disbursement fees Many lenders provide a cosigner release option where a student can apply to release the cosigner after he or she graduates, makes a specified number of on-time payments, and meets underwriting requirements * Interest rates, fees, terms, and borrower benefits based on a July 2015 review of national school- certified private loan programs
20 5 Key Things to Consider When Shopping for Private Loans 1. How much should I borrow? Sallie Mae recommends that you carefully consider your personal financial situation, including expected annual starting salary and total debt load, when evaluating the amount of student loans to borrow. Guidance from the College Board suggests that new graduate's monthly student loan payments should be no more than 10% to 15% of starting monthly salary. Expected Starting Salary $4,000/month (pre-tax) Guidance on borrowed $ s Monthly payment = $400 or less 2. Interest rate fixed or variable? a) Fixed Rate = Stability, but often more expensive b) Variable Rate = Can be cheaper, especially short term
21 5 Key Things to Consider When Shopping for Private Loans 3. Repayment Options a) In school payments may: build credit by making scheduled monthly payments on time reduce capitalized interest (interest added to a loan s principal balance) lower total loan cost b) Deferred payments may: allow for more flexibility while in school increase the total loan cost due to capitalized interest EXAMPLE: $10,000 loan, 8% Interest Rate, 4 years in school, 10-year term In-School Repayment Option In-School Monthly Payment Post-School Payment Post School Payment Terms (months) Total Amount Paid Deferred Repayment Option $0 $ $20, Interest Repayment Option $56.88 $ $15,651.13
22 5 Key Things to Consider When Shopping for Private Loans 4. Benefit programs offered by the lender a) Rewards for certain activities (paying via ACH, graduating from school) b) Rewards for on-time payments 5. Other features of the loan a) Repayment term b) Cosigner release c) Death & disability waivers, tuition insurance
23 Conclusion Many financing vehicles are available to families While there is no one-size-fits-all solution, families should follow the approach: Start with money you do not have to repay. This can include scholarships, grants and work study. Explore federal education loans. Apply by completing the FAFSA Consider filling in the gap with a responsible private education loan. Some tools families are using are not ideal solutions When considering a private loan, families should research their options first
24 Questions?
25 The information contained in this presentation is not comprehensive, is subject to constant change, and therefore should serve only as general, background information for further investigation and study related to the subject matter and the specific factual circumstances being considered or evaluated. Nothing in this presentation constitutes or is designed to constitute legal advice.
Student Loan Market Trends Is College Worth It. Presenter: Kelly Savoie, Director Business Development April 2016
Student Loan Market Trends Is College Worth It Presenter: Kelly Savoie, Director Business Development April 2016 Agenda This presentation is an overview of trends in the industry and the value of a college
More informationParent Guide to Paying for College. Getting Your Money
Parent Guide to Paying for College Getting Your Money F R O M T H E R I G H T P L A C E When it comes to college funding, you have lots of options. What s best for you and your child s needs? Use the following
More informationFinancial Aid Package
Financial Aid Package Understanding Your Financial Aid Graduate Students TABLE OF CONTENTS. Understanding Financial Aid for Graduate Students Page 1. William D. Ford Federal Direct Unsubsidized Loan Page
More informationLoan Counseling Presentation
Loan Counseling Presentation Financing Options Federal Stafford Loans In Student s name Subsidized Unsubsidized Federal Parent Loans for Undergraduate Students (PLUS) In Parent s name Maximum Annual Loan
More information2014-2015 SUGGESTED LENDER LIST FOR PRIVATE LOAN OPTIONS AVAILABLE TO INTERNATIONAL UNDERGRADUATE STUDENTS
The chart below outlines the lender contact information and the lender description of the fee structure, interest rates, and borrower benefits associated with each lender s private loan product for loans
More informationPrivate Loan Guide. Apply for free, federal and state financial aid programs:
Private Loan Guide Private loan basics Private student loans are non-federal loans. You should only borrow private loans to fund your education as a last resort. Do all of the following before you consider
More information866.232.3314. Frequently Asked Questions about Student Loans
Frequently Asked Questions about Student Loans What are private student loans? Private student loans are meant to help students fill the funding gaps that federal aid can leave behind. Private loans should
More informationIns and Outs of Student Loan Repayment Webinar provided on March 15, 2012
Ins and Outs of Student Loan Repayment Webinar provided on March 15, 2012 Questions from attendees: Q1. Does the NSLDS list ALL government loans? A1. Yes. NSLDS shows all federal loans borrowed. Q2. For
More informationPrivate Education Loan Preferred Lender List
Private Education Loan Preferred Lender List The following is Corinthian College, Inc. s ( CCI ) preferred lender list for private education loans. Borrowers who are interested in obtaining private education
More informationSTUDENT LOANS THE INS, THE OUTS, AND EVERYTHING IN BETWEEN
STUDENT LOANS THE INS, THE OUTS, AND EVERYTHING IN BETWEEN Perry Diehm, Director of Financial Aid MidAmerica Nazarene University Katie Lewis, Account Manager Commerce Bank Pop Quiz! How America Pays for
More informationIOWA STUDENT LOAN DISCLOSURE FOR RESIDENCY AND RELOCATION LOANS
IOWA STUDENT LOAN DISCLOSURE FOR RESIDENCY AND RELOCATION LOANS A. Interest Rate Information Variable Interest Rate Range The range of interest rates applicable to this type of private educational loan
More informationWilliam D. Ford Federal Direct Loan Program Direct PLUS Loan Borrower s Rights and Responsibilities Statement
Important Notice: This Borrower s Rights and Responsibilities Statement provides additional information about the terms and conditions of the loans you receive under the accompanying Federal Direct PLUS
More informationPrivate Education Loans 101: Helping students compare student loan options
Private Education Loans 101: Helping students compare student loan options Presented by: Erin Gjerde and Denise Burmeister Account Executives Wells Fargo Education Financial Services 2013 SASFAA Conference
More informationHow to Choose the Best Student Loan
Tufts University School of Dental Medicine Guide to Supplemental Loans THIS GUIDE IS DESIGNED TO HELP YOU MAKE THE MOST INFORMED DECISION ON FINANCING YOUR EDUCATION HERE AT TUFTS UNIVERSITY SCHOOL OF
More informationThe Smart Option Student Loan For Graduate Health Professions Students
HEALTH AY 2014-15 The Smart Option Student Loan For Graduate Health Professions Students Let s talk about how your health professions students will pay for school. Sallie Mae would like to be part of the
More informationStudentChoice. Student loans are an integral part of financing a college education. Educate yourself, and borrow wisely.
StudentChoice Student loans are an integral part of financing a college education. Educate yourself, and borrow wisely. 2 2 What are my student loan options? Federal Student Loans A federal student loan
More informationCRS Report for Congress
Order Code RL31575 CRS Report for Congress Received through the CRS Web Consolidation Loan Provisions in the Federal Family Education Loan and Direct Loan Programs Updated November 16, 2004 Adam Stoll
More informationDIRECT LOAN ENTRANCE COUNSELING SESSION
DIRECT LOAN ENTRANCE COUNSELING SESSION LOAN SESSION PACKET To receive credit for being here today, you must: Complete your Attendance Form. Your personal information Name as is on your SS card Verify
More informationThe formula to determine eligibility for a subsidized Stafford loan is as follows:
FFELP Loan Amount Eligibility Scenarios Below are various loan eligibility scenarios. In every case you will see that the aid offered never exceeds the cost of attendance. Remember that for both the Stafford
More informationCounseling Students Through the Repayment Puzzle
Counseling Students Through the Repayment Puzzle Tools for Borrower Success FASFAA 2011 Region V Workshop April 1, 2011 Nova Southeastern University Overview of Today s Climate Why are we here? We know
More informationTypes of student loans.
Types of student loans. Events like losing a job, getting sick and having financial trouble can create many challenges. In such situations, before you borrow, make sure you know the basic types of student
More informationLender List Content This document includes content for: Your students can design the loan
For Degree-Granting Institutions Sallie Mae Smart Option Student Loan Lender List Content This document includes content for: Undergraduate lender lists Graduate lender lists Your students can design the
More informationDirect Loan Basics. Susan Young Director, Financial Aid Bob Jones University
Direct Loan Basics Susan Young Director, Financial Aid Bob Jones University Agenda Types Eligibility Rates, Fees and Loan Limits Counseling Repayment Types of Direct Loans Subsidized, Unsubsidized, PLUS
More informationPaying For College Strategies
2014 Counselor Training Paying For College Strategies after all of the student s free money has been exhausted OASFAA is a non-profit organization OASFAA has provided the information today as a free service
More informationStudent Loans. Introduction
Introduction Student Loans Loans are far and away the single largest aid program available to students. In the 2003-2004 academic year, nearly $67 billion was delivered in the form of loans to students.
More informationSTUDENT LOAN REPAYMENT STRATEGIES
STUDENT LOAN REPAYMENT STRATEGIES NEW YORK UNIVERSITY STERN SCHOOL OF BUSINESS Presenters: Joe Garzillo, Vice President and Region Head, East Region Date: April 26, 2016 Jeanne McCarthy, Director, Business
More informationA p r i l 2 0 1 1. P r e s e n t e d B y :
P r e s e n t e d B y : H e a t h e r H a m i l t o n, D i r e c t o r o f G r a d u a t e F i n a n c i a l A i d J e n n i f e r V a n B r e d e r o d e, A s s i s t a n t D i r e c t o r o f G r a d
More informationfyi Federal loans: The smart way to borrow
Federal loans: The smart way to borrow If you don t receive enough free money to pay for college and you aren t able to cover your costs with savings or other resources, consider federal student loans.
More informationPrivate Education Loan Application and Solicitation Disclosure Page 1 of 3
Private Education Loan Application and Solicitation Disclosure Page 1 of 3 SunTrust Bank One Cabot Road, 2nd Floor Medford, MA 02155-5141 866-232-3889 Loan Interest Rate & Fees Your starting interest rate
More informationThe Ohio Centric Student Loan Program Program Manual Program Terms and Conditions. The Ohio Centric Student Loan Program Program Manual
The Ohio Centric Student Loan Program Amended as of March 31, 2007 Program Background The Ohio Centric Student Loan Program ( Centric or the Program ) was created in 2001 by action of the Ohio Legislature.
More informationYour Student Loan Record
Your Student Loan Record STUDENT LOAN RECORD There are lots of people ready to help with information about your student loans, if you need it Ombudsman: 1-877-557-2575 or www.ombudsman.ed.gov National
More informationAmerican State Bank Private Student Loan Program Option 1
Private Education Loan Application Disclosure Form Page 1 of 6 American State Bank Private Student Loan Program Option 1 American State Bank c/o Aspire Servicing Center 6775 Vista Drive West Des Moines,
More informationAMA student guide to advocacy Protect public service loan forgiveness
MEDICAL STUDENT ADVOCACY AND REGION CONFERENCE AMA student guide to advocacy Protect public service loan forgiveness The federal Public Service Loan Forgiveness (PSLF) Program was created in 2007 and offers
More informationStudent Loan ABCs. As trusted financial advisers, CPAs are in a position where clients, friends and family ask about
Student Loan ABCs As trusted financial advisers, CPAs are in a position where clients, friends and family ask about college financing or, more specifically, about student loans. But which one do you recommend?
More informationFinancing Options for Students and Parents 2016 17
Financing Options for Students and Parents 2016 17 Since 2001, grants have replaced student loans in the Princeton financial aid package for all aid recipients. No Princeton student is required to borrow
More informationPrivate Alternative Student Loan FAQs (Frequently Asked Questions)
PRIVATE (OR ALTERNATIVE) STUDENT LOANS Many public and private postsecondary schools offer their students alternatives to financing their education. One such alternative is called a private alternative
More informationFinancing Options for Students and Parents 2014 15
Financing Options for Students and Parents 2014 15 Since 2001, grants have replaced student loans in the Princeton financial aid package for all aid recipients. No Princeton student is required to borrow
More informationVeridian Private Student Loan - Option 1
Private Education Loan Application Disclosure Form Page 1 of 6 Veridian Private Student Loan - Option 1 Veridian Credit Union c/o Aspire Servicing Center 6775 Vista Drive West Des Moines, IA 50266-9305
More informationStudent Financial Aid Options 2015-2016
California Northstate University College of Pharmacy (CNUCOP) offers two monthly installment financing plans and three private educational loan options for those students are interested in financial assistance
More informationJack Edwards Director, Financial Aid Stanford Graduate School of Business
Jack Edwards Director, Financial Aid Stanford Graduate School of Business Disclaimer This session is specific to how Stanford, GSB students borrowing trends when comparing Private vs. Graduate Plus Loans.
More informationFinancial Solutions For Families
COLLEGE LITERACY ACADEMY A Family Guide On Paying For College Financial Solutions For Families Understanding How To Pay For College (Second Edition) Copyright 2010, 2011 By: Educational Literacy Center
More informationAlliant Credit Union Private Student Loan Option 1
Private Education Loan Application Disclosure Form Page 1 of 9 Alliant Credit Union Private Student Loan Option 1 Alliant Credit Union c/o Aspire Servicing Center 6775 Vista Drive West Des Moines, IA 50266-9305
More informationStudent Loan. Now you can pay for college the smart way. APPLY TODAY! www.salliemae.com/smartoption/hacu. Smart Option Student Loan
Student Loan Now you can pay for college the smart way Smart Option Student Loan APPLY TODAY! www.salliemae.com/smartoption/hacu In partnership with TOGETHER WE CAN DO THIS We are committed to helping
More informationStudent Loans Bankruptcy and Student Loans: NUTS & BOLTS The Options (pressing your plea Prov 6:1-5) Federal loan
Student Loans Bankruptcy and Student Loans: Must prove undue hardship Must initiate an adversary hearing, a separate lawsuit within the bankruptcy where the undue hardship is illustrated. Most can t afford
More informationQuick Reference Guide to Your Federal Student Loans
to Your Federal Student Loans Believe it or not the information contained in this quick Reference guide just may come in handy one day. IGrad recommends that you store it in a safe place so that you can
More informationStudent Financial Services Educational Loan Borrowing
Student Financial Services Educational Loan Borrowing 2 nd Special Interest Session 2012-2013 NSO Federal Student Direct Loan Application for federal student direct loans is done by submitting a Free Application
More informationCounseling Students To Minimize Borrowing
Counseling Students To Minimize Borrowing BUILDING THE BRIDGE TO THE FUTURE Some Assembly Required Summer Conference 2015 Agenda Recent research Opportunities to counsel Best practices Resources SALT CREATED
More informationEnhance Your Financial Security. With a Home Equity Conversion Mortgage
Enhance Your Financial Security With a Home Equity Conversion Mortgage 1 Call for Additional Information 888.732.1005 1 Unlock Your Home s Equity We understand that you want to transition easily into the
More informationYour Financial Aid Journey. Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms
Your Financial Aid Journey Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms Investing in your future Higher earnings College graduates earn more money
More informationWilliam D. Ford Federal Direct Loan Program STUDENT LOAN PACKET
MTCC Your business tag line here. William D. Ford Federal Direct Loan Program STUDENT LOAN PACKET These steps must be completed for your Student Loan to be disbursed. Please complete Steps 1-6 before you
More informationWhat is the difference between a private student loan and a federal student loan?
Student Lending - FAQ General Questions What is a WSFS Bank Private Student Loan? The WSFS Bank Private Student Loan can be used to pay for qualified educational expenses including tuition, room and board,
More informationLOAN REFLECTION. Directions: Complete the handout below individually and share your answers with your small group.
LOAN REFLECTION Directions: Complete the handout below individually and share your answers with your small group. Have you ever heard the word loan before? In what context? What comes to mind when you
More informationSallie Mae Smart Option Student Loan SM
SM Four Year, Title IV, Not-for-Profit Institutions Effective March 23, 2009; Accepting Applications for AY 2009 2010 Introducing the SM... the new private loan that helps your students save money, build
More informationFinancial Aid for Medical School
Financial Aid for Medical School May 2, 2015 Monique Cosby and Daniel Hewitt Directors of Financial Aid Auburn and Virginia Campuses Agenda Costs at VCOM Financial aid options and why loans are good, realistic
More informationEducational Loans A Family s Most Important Resource
Educational Loans A Family s Most Important Resource Welcome to the Educational Loans section of our Website, and join us for an overview of one topic that most college students have to consider while
More informationSTUDENT LOAN REPAYMENT STRATEGIES
STUDENT LOAN REPAYMENT STRATEGIES FOR GRADUATE STUDENTS November 9, 2009 Updated: 11/04/2009 The information contained in this presentation is not comprehensive, is subject to constant change, and therefore
More informationPRIVATE EDUCATIONAL LOAN PROGRAMS. Citizens Bank Student Loan. Fixed Rate or Variable Rate 1-800-708-6684. www.citizensbank.
if nondegree: PRIVATE EDUCATIONAL LOAN PROGRAMS American Heritage Credit Union Smart Option Student 1-855-429-9759 https://www.amhfcu.org/personal/scr editcards/studentloan.aspx wishing to use American
More informationWinning at the college financial aid game
Winning at the college financial aid game By the numbers Average tuition and fees per year for four-year colleges in 2006-07: 1 Private institutions: $30,367, up 4.6% from the previous year Public colleges:
More informationUnderstand your interest rate options
Understand your interest rate options Wells Fargo offers you the choice of variable and fixed interest rates. Each option has unique advantages to consider before choosing your rate. How are they different?
More information2015/2016 THINGS YOU NEED TO KNOW ODP Graduate. The following information should help you as you review your 2015/2016 Financial Aid Offer
2015/2016 THINGS YOU NEED TO KNOW ODP Graduate Financial Aid Online Degree Programs 2130 Fulton Street San Francisco, CA 94117 Tel: 415.422.4531 Fax: 415.422.4534 onlinefinaid@usfca.edu The following information
More informationBorrowing Money for Your Business
Borrowing Money for Your Business After you have developed a cash flow analysis and determined when your business will make profit, you may decide you need additional funding. Borrowing money is one of
More informationCounseling Courier. Financial Aid
Financial Aid As you continue to hear back from colleges and universities and evaluate your options, we wanted you to have some additional information on how to help finance this investment. This information
More informationAscentra Credit Union Private Student Loan Program Option 1
Private Education Loan Application Disclosure Form Page 1 of 9 Ascentra Credit Union Private Student Loan Program Option 1 Ascentra Credit Union c/o Iowa Student Loan Ashford II Building 6775 Vista Drive
More informationMANAGING DEBT, DELINQUENCY AND DEFAULT
MANAGING DEBT, DELINQUENCY AND DEFAULT Emory University Candler School of Theology Presenter: David Haygood, Director of Business Development Date: Spring 2016 Topics Preventing Delinquency and Default
More informationWINNING AT THE COLLEGE FINANCIAL AID GAME
Helping Yourself. Helping Your Parents. Helping Your Children. By the numbers WINNING AT THE COLLEGE FINANCIAL AID GAME With college expenses having risen significantly, financial aid can be a critical
More informationtudent oans Federal Stafford, PLUS and Grad Plus For Loan Period July 1, 2008-June 30, 2009
Your guide to tudent oans Federal Stafford, PLUS and Grad Plus For Loan Period July 1, 2008-June 30, 2009 Lender Code: 833506 orrower enefits * 0% Origination Fee for Stafford Loans Allegiance Credit Union
More informationStudent Loans A comprehensive look at student aid and the various repayment options
Student Loans A comprehensive look at student aid and the various repayment options How Much Does College Cost? According to the Bureau of Labor Statistics and the US Department of Labor, the average cost
More informationWhat is a Federal Direct PLUS Loan?
What is a Federal Direct PLUS Loan? This is one of the low-interest loans that make up the William D. Ford Federal Direct Loan Program (also known as Direct Loans ). The Direct Loan Program enables students
More informationHome Equity Loans and Credit Lines HELOC
Home Equity Loans and Credit Lines HELOC If you re thinking about making some home improvements or looking at ways to pay for your child s college education, you may be thinking about tapping into your
More informationHow to Apply for the Parent PLUS Loan. Student Financial Aid Services Student Union Building (SUB) University of Idaho Fall 2012
How to Apply for the Parent PLUS Loan Student Financial Aid Services Student Union Building (SUB) University of Idaho Fall 2012 Getting Started The student must first apply for financial aid via the Free
More informationWilliam D. Ford Federal Direct Loan Program Direct Subsidized Loan and Direct Unsubsidized Loan Borrower s Rights and Responsibilities Statement
Important Notice: This Borrower s Rights and Responsibilities Statement provides additional information about the terms and conditions of the loans you receive under the accompanying Master Promissory
More informationHelp families navigate their student loan options. Agenda. What We Learned 5/14/2013
Help families navigate their student loan options Agenda What we learned What are the borrower s options? Comparing loans How we can help Questions? Next steps What We Learned 1 What families told us Too
More informationUnderstand your interest rate options
Understand your interest rate options Wells Fargo offers you the choice of variable and fixed interest rates. Each option has unique advantages to consider before choosing your rate. How are they different?
More informationStudent loan terms to know
Definition of words related to federal student loans and the Nelnet payment process. Accrue The act of interest accumulating on the borrower s principle balance. Aggregate Loan Limit The maximum total
More information2013 2014 Loan Guide
2013 2014 Loan Guide This guide is designed to help you make the most informed decision on borrowing for your education at Berklee College of Music. There are many choices for students and parents to consider
More informationWilliam D. Ford Federal Direct Loan Program Direct PLUS Loan Borrower s Rights and Responsibilities Statement
Important Notice: This Borrower s Rights and Responsibilities Statement provides additional information about the terms and conditions of the loans you receive under the accompanying Federal Direct PLUS
More informationFor additional information, contact your financial aid office or the U. S. Department of Education at: www.federalstudentaid.ed.
Ohio Private Loan Marketplace http://ohio.privateloanmarketplace.com/ Once you and your family have considered institutional and federal loan options, you can use the Ohio Private Loan Marketplace to instantly
More informationCOUNSELING GUIDE FOR DIRECT LOAN BORROWERS
Entrance COUNSELING GUIDE FOR DIRECT LOAN BORROWERS U.S. Department of Education Arne Duncan Secretary Federal Student Aid James W. Runcie Chief Operating Officer December, 2013 Online Access: This publication
More informationALASKA SUPPLEMENTAL EDUCATION LOAN (ASEL) 2016/2017 APPLICATION AND PROMISSORY NOTE COSIGNER AGREEMENT PACKET
Alaska Commission on Postsecondary Education P.O. Box 110505 Juneau, Alaska 99811-0505 ALASKA SUPPLEMENTAL EDUCATION LOAN (ASEL) 2016/2017 APPLICATION AND PROMISSORY NOTE COSIGNER AGREEMENT PACKET Customer
More informationFinancial Aid. Eligibility Requirements for Federal Student Aid. University of California, Irvine 2015-2016 1. On This Page:
University of California, Irvine 2015-2016 1 Financial Aid On This Page: Financial Aid Eligibility Requirements for Federal Student Aid UCI Policies on Satisfactory Academic Progress for Financial Aid
More informationDiscover What s Possible
Discover What s Possible Accumulation Builder Choice SM IUL for Business Accumulation Builder Choice SM Indexed Universal Life for Business Owners Building your path to success As a small business owner,
More informationSTUDENT LOAN REPAYMENT STRATEGIES
STUDENT LOAN REPAYMENT STRATEGIES UNH School of Law November 15, 2011 Maureen Fagen Senior Account Executive The information contained in this presentation is not comprehensive, is subject to constant
More information2016-2017 Student Guide. Student Financial Assistance
2016-2017 Student Guide Student Financial Assistance Table of Contents Code of Conduct... 3 Financial Aid Office... 4 Contact Information Financial Aid Officer... 4 How We Determine your Financial Aid...
More informationImportant Information For New Students 2013-2014 FINANCIAL AID
Important Information For New Students 2013-2014 FINANCIAL AID General Information The response to your request for financial aid for the 2013-2014 academic year is a result of our evaluation of your family
More information!" # $ ($ * +"(", - / 0$.
! "# $ % !" # $ $% & '($" ) ($ * +"(", - $"($. / 0$. / (("$ $ $'', 1 2 3 Creative Borrowing Strategies While most families would rather not borrow money to pay college expenses, there are some advantages
More informationHow To Get A Loan From A College
STUDENT LOANS: AFTER YOU BORROW Student Loan Basics Nearly Everyone CAN Borrow, however: Loans have to be repaid! Borrow only what you need!! Interest What you are charged for using someone else s money
More informationQuick Reference Guide on Choosing a Student or Parent Loan
Top Ten Student Loan Tips Debt is often unavoidable when it comes to paying for college, with two-thirds of Bachelor's degree recipients graduating with student loans. Smarter borrowing, however, can help
More informationFederal Direct Stafford Loan Request Form for 2015-16
Federal Direct Stafford Loan Request Form for 2015-16 Name: G#: Address: City: State: ZIP: Phone: Email: Stafford Loan Requirements and Acknowledgements We strongly recommend that you borrow loans conservatively
More informationQuick Reference Guide on Choosing a Student or Parent Loan
Top Ten Student Loan Tips Debt is often unavoidable when it comes to paying for college, with two-thirds of Bachelor's degree recipients graduating with student loans. Smarter borrowing, however, can help
More informationTypes of Federal Financial Aid Programs
Types of Federal Financial Aid Programs Students may apply for various need and non-need based programs to assist in paying for the expenses related to attending school. Financial Aid generally consists
More informationU.S. Financing Information
U.S. Financing Information 1 U.S Financial Aid Planning to meet the costs of attending university is an investment for the future, and you may have many financing options, including grants, scholarships,
More informationCloser Look Open house. Financing Your WPI Education
Closer Look Open house Financing Your WPI Education 1 Financing your WPI Education Important billing and financial aid deadlines Determining the student account balance Billing & payment options Loan Information
More informationA Message to Students and Parents About Financing a Clarkson Education
A Message to Students and Parents About Financing a Clarkson Education We understand that financial aid can be confusing for parents and students. Inside this packet, you will find information to help
More informationSt. John s University. Financing Your Legal Education 2016-17
St. John s University i i i Financing Your Legal Education 2016-17 Content The financial aid process Available financial aid programs What is the Cost of Attendance What are the student loan limits How
More informationWilliam D. Ford Federal Direct Loan Program Direct Subsidized Loan and Direct Unsubsidized Loan Borrower s Rights and Responsibilities Statement
Important Notice: This Borrower s Rights and Responsibilities Statement provides additional information about the terms and conditions of the loans you receive under the accompanying Master Promissory
More informationRepayment Strategies for Managing Your Student Loans
SENIOR LOAN EXIT INTERVIEW DENTAL SCHOOL CLASS OF 2016 Repayment Strategies for Managing Your Student Loans Considerations Dental school graduates have a great track record for repayment Multiple ways
More informationThe University of Toledo Health Science Campus College of Medicine. Exit Interview Presentation. March 14, 2007
The University of Toledo Health Science Campus College of Medicine Exit Interview Presentation March 14, 2007 Understanding your Education Debt Subsidized loans Unsubsidized loans Perkins loans Direct
More information