Debunking Student Loan Headlines
|
|
- Collin O’Brien’
- 8 years ago
- Views:
Transcription
1 Debunking Student Loan Headlines Presented by Jillian Gajtka Saturday, June 11, :15 a.m.
2 Student Loan Debt 2
3 Recent Headlines 3
4 Headlines crisis bubble 4
5 Student Loan Jeopardy What percentage of the $1.19 Trillion in student loan debt do private loans account for? A. 5.2% B. 7.6% C. 11.8% D. 21.3% 5
6 Student Loan Jeopardy What percentage of the $1.19 Trillion in student loan debt do private loans account for? A. 5.2% B. 7.6% C. 11.8% D. 21.3% 6
7 Headline #1: Growth in Student Loan Debt $370B Total Student Loan Debt Q $1.19T Total Student Debt Q $1.19 Trillion in Outstanding Student Loans $91B (7.6%) is Private Student Loans $7.5B in private student loans originated in
8 Student Loan Jeopardy What is the average Cost of Attendance per year at a public out of state, 4 year college/university for ? A. $24,000 B. $28,500 C. $30,000 D. $38,500 8
9 Student Loan Jeopardy What is the average Cost of Attendance per year at a public out of state, 4 year college/university for ? A. $24,000 B. $28,500 C. $30,000 D. $38,500 Source: Collegeboard Trends in College Pricing 2015, Figure 1 trends college pricing final 508.pdf 9
10 Cost of Education $24M Indoor Football Practice Facility Confidential & Proprietary 10
11 Cost of Education Average Estimated Full Time Undergraduate Costs Academic Year 11
12 Member Challenge: Paying for College 12
13 MI Tuition & Fees for In State Students Michigan 4 year public institutions are still in the top 15% of the country for tuition/fees Source: The College Board, Annual Survey of Colleges pricing/figures tables/ state tuitionand fees public four year institutions state and five year percentage 13
14 MI Tuition & Fees for Out of State Students In the state of Michigan, public 4 year institutions are the 2 nd highest in the entire country Source: The College Board, Annual Survey of Colleges pricing/figures tables/ out statetuition and fees public four year institutions state and five year 14
15 The Cost of Education Cost of Attendance (COA) The cost for the student to attend school as if it were his/her job: Tuition School Fees Housing/Rent Books Food Transportation Miscellaneous Expenses 15
16 Headline #2: A Bubble & Skyrocketing Default Rates Though tuition rates have increased rapidly, the overall rate of return on college education has remained at around 14% 15% over the past decade In comparison, for the past 60 years stocks earned a return, on average, of 7% and bonds only 3% 16
17 BA/BS Degrees Increase Earnings The median earnings for young adults (ages 25 34) with a bachelor degree is more than 65% those with just a high school diploma ($50,000 vs $30,000). CFPB indicates that a college degree earner will, on average, earn approximately $1 million more over their career than someone with a high school diploma. Starting salaries are keeping pace with education debt loads. A student s salary is almost 2x their student debt. 17
18 Lower Unemployment Unemployment rate for individuals with at least a bachelor s degree has consistently been about ½ the unemployment rate for high school graduates. 18
19 Loan Performance 34% of the borrowers with under $5,000 defaulting on their student loans. Borrowers with over $100,000 defaulted at less than half the time than those carrying balances of $5,000 or less. Conclusion: You would rather graduate from college with $26,000 in debt than drop out with under $5,
20 Loan Performance ½ the delinquency and ¼ the losses of the private student lending marketplace 20
21 Loan Performance 21
22 Student Loan Jeopardy What percentage of students owe more than $100,000 in total student loan debt? A. 4% B. 7% C. 11% D. 13% 22
23 Student Loan Jeopardy What percentage of students owe more than $100,000 in total student loan debt? A. 4% B. 7% C. 11% D. 13% 23
24 Headline #3: Too Much Debt? Average student loan debt is still less than the average car. $33,560 * 40% owe less than $10,000. *Kelley Blue Book April
25 Too Much Debt? Are Student Loan Borrowers Good Consumers? Current look at 2005 consumers: The student loan group is well ahead of control group in auto and mortgage participation in Q % of population with an open auto trade 90% 85% 80% 75% 70% 65% 60% 55% 50% 45% 40% % of consumers with auto trade % of population with an open mortgage 50% 45% 40% 35% 30% 25% 20% 15% 10% % of consumers with mortgage student loan group 2005 control group TransUnion Student Lending Study
26 Too Much Debt? Are Student Loan Borrowers Good Consumers? Current look at 2009 consumers: The student loan group has passed the control group in auto and nearly matched them in mortgages in Q % % of consumers with auto trade 25% % of consumers with mortgage 60% % of population with an open auto trade 55% 50% 45% 40% 35% 30% 25% % of population with an open mortgage 20% 15% 10% 5% Sep 09 Mar 10 Sep 10 Mar 11 Sep 11 Mar 12 Sep 12 Mar 13 Sep 13 Mar 14 Sep student loan group 2009 control group TransUnion Student Lending Study
27 Too Much Debt? Are Student Loan Borrowers Good Consumers? 2012 New Loan Performance % of pop. w/ new loan 60+ DPD thru Dec % 20% 15% 10% 5% 0% % new bankcard consumers 60+ DPD 1% lower % of pop. w/ new loan 60+ DPD thru Dec % 12% 10% 8% 6% 4% 2% 0% % new auto consumers 60+ DPD 15% lower VantageScore 3.0 tier VantageScore 3.0 tier 2012 student loan group 2012 control group TransUnion Student Lending Study
28 Headline #4: Performance CU Student Choice Historical Differentiation in Underwriting: Capturing Co Borrowers Refined School Eligibility Conducting School Certification Disbursing Directly to the College/University Navient as of 6/30/14 28
29 Student Loan Jeopardy What is the latest Department of Education 3 year Student Loan Default Rate? A. 6.6% B. 9.8% C. 11.8% D. 13.7% 29
30 Student Loan Jeopardy What is the latest Department of Education 3 year Student Loan Default Rate? A. 6.6% B. 9.8% C. 11.8% D. 13.7% *In 2011, the federal default rate was at 13.7%, so it is trending downward 30
31 Positive Performance Declining Delinquency & Charge off Rates CU Student Choice 90+ DPD = 1.10% Gross Annualized CO = 0.55% (Q3 2014) Gross Annualized CO = 0.71% (Q3 2015) PSL Industry (Measure One) 90+ DPD = 2.12% Gross Annualized CO = 2.37% (Q3 2014) Gross Annualized CO = 2.23% (Q3 2015) Federal Student Loans Cohort Default Rate = 11.8%* *as of 2015 data Delinquency and Defaults are Decreasing 31
32 CU Student Choice Portfolio Performance Student Choice Portfolio Snapshot as of Q $1.78 Billion in Outstanding Balances 59.9% Loans in Repayment $171.1M Loans Paid in Full 0.50% Annualized Gross Charge off Rate 1.47% 60+ Delinquency Rate 0.82% 90+ Delinquency Rate 32
33 Strong Credit Union Performance $500 $750M Credit Union ROAA Model PSL Balances (as of 4/'14) $8,500,000 PSL Balances (as of 5/'13) $6,500,000 Average PSL Balances: $7,500,000 Weighted Margin: 3.00% (floor of 6.0%) 3.00% Weighted Index 3.25% Weighted COF Yield (Peer to Peer/5300) 0.75% 3rd Party Insurance* 0.50% Net Yield: 5.00% Gross Annual Interest Revenue $468,750 Net Annual Interest Revenue $375,000 # of Loans (as of 4/30/14) 425 Loan Costs (from remittances 5/'13 4/'14) $90,000 Origination costs = $30,000 $30,000 Mgmt Fee/Servicing/Other $60,000 Total: $90,000 Net Annual Total PSL Income: $285,000 Return on Average PSL Assets (ROAA) 3.80% Strong ROAA = 3.80% Steady Performance = 0.83% delinquency against loans in Repayment (NO CHARGE OFFs) Launched in 2009 Assets between $500M $700M Just over $12M in funded loans ~ 42% in full repayment 3.3% PIF Added over $2M up 29% YOY (from 2013 to 2014) *Amortized over conservative 10 year expected loan life 33
34 Headline #5: Booming Refi Market $211 billion is available for refinancing $121B Federal $90B Private Just $4B has been refinanced Source: Goldman Sachs The Future of Finance 3/2015 Marketplace Lenders Traditional Lenders Credit Unions 34
35 Booming Refi Market $211 billion is available for refinancing $121B Federal $90B Private Just $4B has been refinanced Source: Goldman Sachs The Future of Finance 3/2015 Credit Unions are not about a myopic focus on Super Prime rather, it is about helping a diverse population of members, the broader community, and employer groups in a holistic and helpful manner. 35
36 Refinance Member Profile Segmentation Profile Non Cosigned Cosigned Blended % of Applications 51% 49% 100% Avg. Borrower Age at Application Avg. Borrower Credit Score Avg. Borrower Monthly Income $5,727 $3,228 $4,487 Avg. Borrower Months at Employer Avg. Borrower Months Since Graduation Avg. Borrower % Home Owner 21% 11% 16% Avg. Cosigner Age at Application 54 Avg. Cosigner Credit Score 754 Avg. Cosigner Monthly Income $7,369 Avg. Cosigner Months at Employer 237 Avg. Decision Credit Score Avg. Decision DTI Ratio Avg. Loan Approved Amount $32,293 $49,431 $40,797 16% of all Refi borrowers are home owners thus sizeable future mortgage opportunities Refi borrowers with no cosigners: Tend to be 29 years old, graduated school 4+ years ago, have been employed 3+ years, make almost $70K per year, have reasonable credit scores of 720+, reasonably low DTI of 29, and take out ~$32K refi loan. Refi borrowers with cosigners: These borrowers tend to be younger and have slightly less employment, income, credit history and/or larger loan needs. As such, these borrowers choose to add a cosigner with strong credit (750+ credit score) and high income ($88K) to help secure larger refi loans ($49K). 36
37 Solution: Co Borrower Emphasis Source: MeasureOne Q Private Student Loan Performance Report 37
38 Solution: School Certification Source: MeasureOne Q Private Student Loan Performance Report 38
39 Solution: Financial Literacy CU branded version of igrad 39
40 Solution: Education & Engagement Member Seminars Our Strategic Partners Team conducted nearly 40 national seminars in 2015 attended by more than 1,000 members Open National Webinars Free national webinars to help college bound families on how to keep costs down and survive the first days of college and completing the FAFSA 1:1 Counseling Free individualized counseling service for families to schedule in depth consultations with our college planning expert 40
41 Solution: Education & Engagement Modern, millennial focused financial literacy 41
42 Solution: Education & Engagement Being the first in my family in America to attend college was a big accomplishment! Although, it was a joyful accomplishment, I was not as happy as I should have been because I knew college was not cheap. Joining Georgia s Own was probably one of the best decisions before college that I have ever made. Receiving a Georgia s Own Credit Union private student loan has helped me so much! Mira CU Student Choice Borrower Relationship Study credit unions 8,000 borrowers 58% avg. checking penetration 18% avg. credit card penetration 9% avg. auto loan penetration 6% avg. deposit penetration 42
43 Who We Are: Credit Union Student Choice By credit unions, for credit unions Credit Unions in full control Sustainable loan growth CU Industry Asset Class Expertise Results Snapshot: 65,000+ young adult members assisted $1.9B under management 245 CU programs Strong portfolio performance Strong value to members 43
44 Who We Are: Credit Union Student Choice Net Income Positive Since December 2010 Proven & Trusted 54% Marketshare based on Q Report $1.9B of $3.5B NO Reputation Risk Zero Venture capital financing No exit strategy Credit Union Philosophy Owned & Managed Board President Brian Ducharme President of MIT FCU 44
45 Who We Are: Our CU Partners 45
46 Risk Optimization Optimal Window Matching Risk/Return ESSENTIAL RISK MANAGEMENT FACTORS Loan Co Borrowers School Eligibility Credit Risk based Lending School Certification CU to School Disbursed Variable Interest Rate Note: Per federal law, student loans are generally difficult to discharge in bankruptcy. Must prove undue hardship which is high threshold and relatively uncommon. 46
47 Bringing It All Together Millennials offer a win win for credit unions: Member gains affordable financing to earn a degree Member has ability to leverage this degree for strong employment Credit Unions gain Members in Peak Borrowing Years Private student loans are high earning assets Performance is Strong! Introduces CU products and services to new members Places new loan balances on CU books 47
48 Any Questions? 48
49 Thank you Glad to be here! Jillian Gajtka Manager Strategic Partnerships 49
Gaining Millennial Members BUILDING PARTNERSHIPS WITH PRIVATE STUDENT LOANS
Gaining Millennial Members BUILDING PARTNERSHIPS WITH PRIVATE STUDENT LOANS Presented by: Jillian Gajtka Manager Strategic Partnerships Who We Are: Credit Union Student Choice By credit unions, for credit
More informationMortgage Lending: The Bubble, the Burst and Now What?
Mortgage Lending: The Bubble, the Burst and Now What? How did the financial crisis affect members and how have they fared since? 1 2 3 In the Bubble... What did the credit health of the population look
More informationThe Student Debt Dilemma: History, Implications & Potential Solutions. Carol S. Lewis, Esq. C.S. Lewis Consulting November 14, 2012
The Student Debt Dilemma: History, Implications & Potential Solutions Carol S. Lewis, Esq. C.S. Lewis Consulting November 14, 2012 NECAG Our Mission: To Identify and Address Consumer Financial Protection
More informationMichael Dean Wayne Johnson. 2013 Rapid Insight User Conference Yale University
Michael Dean Wayne Johnson 2013 Rapid Insight User Conference Yale University Reunion Financial Services Corporation Mercer University PhD Program in Educational Leadership Summary Working Model: Interest,
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 informationThe new economics of educational lending under the ihelp program
The new economics of educational lending under the ihelp program Finally, a private student loan program that makes financial sense for community banks and their customers. Students- still a great investment
More informationStudent Loan Borrowing and Repayment Trends, 2015
Student Loan Borrowing and Repayment Trends, 2015 April 16, 2015 Andrew Haughwout, Donghoon Lee, Joelle Scally, Wilbert van der Klaauw The views presented here are those of the authors and do not necessarily
More informationWho Graduates with Excessive Student Loan Debt?
Student Aid Policy Analysis Papers Who Graduates with Excessive Student Loan Debt? www.studentaidpolicy.com/excessive debt/ Mark Kantrowitz President MK Consulting, Inc. December 14, 2015 Executive Summary
More informationPrivate Education Loan Market DRAFT
SLM Private Education Loan ABS Primer Private Education Loan Market SLM s Securitized Private Education Loans Collections and Loan Policy Glossary of Terms 1 DRAFT Private Education Loan Market 2 DRAFT
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 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 informationLoan Consolidation. Mark Riggs
Loan Consolidation Mark Riggs Bedford Springs, October 12-14, 2015 Introduction Today's students are graduating with loan balances as large as a home mortgage, but unlike a mortgage, student debt is typically
More informationCREDIT UNION TRENDS REPORT
CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics July 2 (May 2 data) Highlights First quarter data revisions were modest. The number of credit unions was revised down by and assets and loans were
More informationA.MORTGAGE LENDER B. CREDIT CARD ISSUER C.HOME INSURER E. ELECTRIC COMPANY F. LANDLORD G.ALL OF THE ABOVE D.CELL PHONE COMPANY
1. WHICH OF THE FOLLOWING MIGHT USE CREDIT SCORES? A.MORTGAGE LENDER B. CREDIT CARD ISSUER C.HOME INSURER E. ELECTRIC COMPANY F. LANDLORD G.ALL OF THE ABOVE D.CELL PHONE COMPANY 1. WHICH OF THE FOLLOWING
More informationCiti U.S. Mortgage Lending Data and Servicing Foreclosure Prevention Efforts
Citi U.S. Mortgage Lending Data and Servicing Foreclosure Prevention Efforts Third Quarter 28 EXECUTIVE SUMMARY In February 28, we published our initial data report on Citi s U.S. mortgage lending businesses,
More informationDepartment of Legislative Services Maryland General Assembly 2016 Session
House Bill 1015 Ways and Means Department of Legislative Services Maryland General Assembly 2016 Session FISCAL AND POLICY NOTE Third Reader - Revised (Delegate Kaiser, et al.) HB 1015 Budget and Taxation
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 informationCooperative Housing/ Share Loan Financing. Larry Mathe Chris Goettke National Cooperative Bank
Cooperative Housing/ Share Loan Financing Larry Mathe Chris Goettke National Cooperative Bank The NCB Story NCB delivers banking and financial services to cooperative organizations complemented by a special
More informationShare Loan and Underlying Mortgage Financing. Jeremy Morgan, NCB Larry Mathe, NCB
Share Loan and Underlying Mortgage Financing Jeremy Morgan, NCB Larry Mathe, NCB About NCB NCB is the premier lender to housing cooperatives nationwide. NCB has financed over $6 Billion to housing cooperatives
More informationLearning to Make Good Loans to Members with Bad Credit
Learning to Make Good Loans to Members with Bad Credit Lending & Marketing Conference Michigan CU League & Affiliates Grand Rapids, MI February 14, 2012 By Brett Christensen, Owner CU Lending Advice, LLC
More informationOCC and OTS Mortgage Metrics Report
Impact on Consumer VantageScore Credit Scores Due To Various Mortgage Loan Restructuring Options January 2010 OVERVIEW The recent economic downturn and the credit market crisis combined to produce immense
More informationStudent 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 informationSTUDENT DEBT MYTHS AND FACTS Second Edition
STUDENT DEBT MYTHS AND FACTS Second Edition April 2014 The Issue Student loan debt is now approximately $1 trillion, and the delinquency rate for student loans has increased to 10 percent. Critics are
More informationLoan Analysis for Thomas Jefferson. Prepared by Prime Student Loan, LLC
Loan Analysis for Thomas Jefferson Prepared by Prime Student Loan, LLC Copyright 2013, All Rights Reserved Welcome Dear Thomas, Thanks for signing up with Prime Student Loan, LLC (PSL)! We are excited
More informationStudent Loan Debt. I. Interest rate cap subsidy. Snapshot:
Student Loan Debt UUP is exploring groundbreaking conceptual programs to diminish the outstanding loan burden on New York State students, including an interest rate cap subsidy designed to lower the actual
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 informationStrategies and Information as You Prepare to Repay Your Student Loans
Strategies and Information as You Prepare to Repay Your Student Loans Rob Smith Senior Client Relationship Manager Navient May 2015 EDS-14-10605 1214 As the nation's leading loan management, servicing
More informationIMPORTANCE OF CREDIT HISTORY AND SUCCESSFUL SAVING
IMPORTANCE OF CREDIT HISTORY AND SUCCESSFUL SAVING From America Saves and Experian WHAT IS A CREDIT REPORT AND SCORE? A credit score is a three digit number that measures how likely you are to repay a
More informationStudent Loans. The State of Lending in America & its Impact on U.S. Households. Sonia Garrison. December 2012
Student Loans The State of Lending in America & its Impact on U.S. Households Sonia Garrison December 2012 Center for www.responsiblelending.org Responsible Lending 105 Student Loans An Introduction to
More informationRecent Developments in Small Business Finance
April 1 Recent Developments in Small Business Finance Introduction In 1, a Small Business Panel was formed by the Reserve Bank to advise it on the availability of finance to small business. At about the
More informationEquity Default Insurance
Equity Default Insurance Increase your loan volume while mitigating your risk Expand lending opportunities without the risk Eligible Loan Types Include: Closed-End Seconds Home Equity Lines of Equity Default
More informationThe Webinar Titled. Findings from a Student Loan Debt Repayment Counseling Pilot Program. Will Begin at 12pm CST (1pm ET, 11am MT, 10am PT)!
The Webinar Titled Findings from a Student Loan Debt Repayment Counseling Pilot Program Will Begin at 12pm CST (1pm ET, 11am MT, 10am PT)! Thank you for joining us! Findings from a Student Loan Debt Repayment
More informationEducational Loans: Bending the Path On Your Student Indebtedness
Educational Loans: Bending the Path On Your Student Indebtedness Loan Repayment Workshop Spring 2015 Shifting Priorities Personal Finances Federal Loans Terms & Conditions Special Repayments Private Loans
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 informationMicro-Lending by Credit Unions. Massachusetts Credit Union League, Inc.
Micro-Lending by Credit Unions Massachusetts Credit Union League, Inc. Micro-Lending by Credit Unions 1. Emergency Loans 2. Auto Loans 3. StretchPay 4. Mortgages 1. Emergency Loans Goal: to reach consumers
More informationFICO Scores: Uses and Misuses
3 FICO Scores: Uses and Misuses Jacob Fuller and Eric Dawson The Fair Isaac Corporation and FICO Scores Debt is an important tool for both businesses and individuals. It can be used to leverage returns,
More informationSection 2.04 - DU Refi Plus Loan Program
Section 2.04 - DU Refi Plus Loan Program In This Product Description This product description contains the following topics: Overview... 2 Related Bulletins... 5 Existing Mortgage Eligibility Requirements...
More informationAssessing the impact. U.S. student loan debt reaches $1 trillion 12 SPRING 2013 TEN
Assessing the impact U.S. student loan debt reaches $1 trillion Photo by Gary Barber 12 SPRING 2013 TEN ost students don t think about the money they borrow for college until they get the bill. And the
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 informationIntroducing Trended Credit Data Legislative & Regulatory Conference Sunday April 10, 2016
Introducing Trended Credit Data Legislative & Regulatory Conference Sunday April 10, 2016 Presented By: Terry Clemans Executive Director National Consumer Reporting Association Question How many people
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 informationVolunteer Leadership Institute Hawaii 2015. Key Ratios: Taking it to the Next Level
Volunteer Leadership Institute Hawaii 2015 Key Ratios: Taking it to the Next Level Tuesday, January 20, 2015 8:30-11:30 Ko'olau Salon 3 Learning Objectives: Review traditional key ratios. Identify and
More informationOverview of Credit Scoring
Overview of Credit Scoring Page 19 of 134 Overview of Credit Scoring This session will focus on providing you with both information about this topic as well as new ideas and activities for making this
More informationSALLIE MAE. ABS East Investor Presentation
SALLIE MAE ABS East Investor Presentation SEPTEMBER 2014 Cautionary Note Regarding Forward-Looking Statements The following information is current as of September 15, 2014 (unless otherwise noted) and
More informationNavient FFELP Student Loan Repayment Data Package. October 8, 2015
Navient FFELP Student Loan Repayment Data Package October 8, 2015 Forward-Looking Statements The following information is current as of October 7, 2015 (unless otherwise noted). This presentation contains
More informationLoans in Credit Unions. 100,000,000,000 Credit Card Loans 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 3Q11
Putting the Credit back ki in Credit Union Tim Harrington, CPA T.E.A.M. Resources 7049 E. Tanque Verde Road, PMB 136 Tucson, AZ 85715 800-788-9542 e-mail: tharrington@forteamresources.com Are we under
More informationFigure 1: The Traditional Lending Process. Mortgage Lenders
Figure 1: The Traditional Lending Process Mortgage Lenders 1 Figure 2: The End of the Stable Interest Rate Environment 20.0 18.0 16.0 percent Recession 14.0 30-Yr Fixed Rate Mortgage 12.0 10.0 8.0 6.0
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 informationTrends in portfolio management
Trends in portfolio management An Experian white paper credit strategies Market Insight from Experian Page 1 Executive summary The economy is slowly accelerating, although economists, government officials
More informationAfrican Bank Investments Limited Strategies to grow in the mass market
African Bank Investments Limited Strategies to grow in the mass market June 2007 Presentation agenda Who we are Our target market A transforming business Is this a good time to be in this market? Outlook
More informationTom Aliff Vice President, Modeling and Analytics Martin O Connor Senior Vice President, Global Analytics
Credit scores don t tell the entire story for car buyers A new approach to the 3 C s offers a deeper, more accurate view of risk for subprime auto lending Tom Aliff Vice President, Modeling and Analytics
More informationFinancial Literacy, Debt Management and Default Aversion Finding Synergy for Success. Financial Literacy DeVry University
Financial Literacy, Debt Management and Default Aversion Finding Synergy for Success Financial Literacy DeVry University Why Financial Literacy Financial Literacy programs are necessary in today s economy.
More informationBorrowing Realities. Student Loans And Credit: An Overview 4/17/2015. Agenda
Student Loans And Credit: An Overview 04.12.20 Jacquie Carroll Agenda 2 Borrowing realities Credit reports and scores Student loan and credit card impact Conversation and best practices for student education
More informationMANAGING CREDIT101 TM %*'9 [[[ EPXEREJGY SVK i
MANAGING CREDIT101 TM i This book is intended as a general guide to the topics discussed, and it does not deliver accounting, personal finance, or legal advice. It is not intended, and should not be used,
More informationBest Practices for Paying Down Your Law School Debt. Sponsored by
Best Practices for Paying Down Your Law School Debt Sponsored by Agenda Federal Repayment Options Legislative Changes A Lawyer s Fork in the Road A New Option for Attorneys Case Study of the Average Law
More informationResponse to CFPB request for information regarding an initiative to promote student loan affordability (Docket No. CFPB-2013-0004)
Response to CFPB request for information regarding an initiative to promote student loan affordability (Docket No. CFPB-2013-0004) By Mark Kantrowitz, publisher of Fastweb.com and FinAid.org Thawing the
More informationLoans 101 2015-16. Maria Rebecchi Assistant Director of Financial Aid
Loans 101 2015-16 Maria Rebecchi Assistant Director of Financial Aid Agenda Introductions A few considerations before you take out a loan Overview of student loans Types, amounts, eligibility, application,
More informationIf you have any questions regarding this proposal, please contact me. Thank you for the opportunity to respond to your Request for Information.
March 5, 2015 Mark Zaffalon Office of Financial Aid SUNY Fredonia 280 Central Avenue, 206 Mayhum Hall Fredonia, NY 14063 Dear Mark, We are pleased to respond to SUNY Fredonia s Request for Information
More informationWHAT IS BUSINESS CREDIT?
1 WHAT IS BUSINESS CREDIT? Why Do I Need Credit? Establishing a good credit rating is an important financial priority for every business. Having good business credit means that owners of businesses can
More informationBusiness and Financial Highlights Nine Months Ended December 31, 2014. Shinsei Bank, Limited January 2015
Business and Financial Highlights Nine Months Ended December 31, 214 Shinsei Bank, Limited January 215 Table of Contents Q3 FY214 Results: Key Points ------------------------------------------ Q3 FY214
More informationDirect loan Information. Federal Direct Student Loans A simple and flexible way to finance your education. Welcome!
Direct loan Information Federal Direct Student Loans A simple and flexible way to finance your education. Welcome! Beginning Spring Semester 2012, Ogeechee Technical College will be participating in the
More informationIntroduction. Purpose. Student Introductions. Agenda and Ground Rules. Objectives
Introduction Instructor and student introductions. Module overview. 1 2 Your name. Student Introductions Your expectations, questions, and concerns about credit. Purpose will: Show you how to read a credit
More informationHousehold Debt and Credit: Student Debt
Household Debt and Credit: Student Debt February 28, 2013 Donghoon Lee The views presented here are those of the author and do not necessarily reflect those of the Federal Reserve Bank of New York, or
More informationApril 13, 2014. Melissa Miller Office of Financial Aid SUNY Buffalo State 1300 Elmwood Avenue Buffalo, NY 14222. Dear Melissa,
April 13, 2014 Melissa Miller Office of Financial Aid SUNY Buffalo State 1300 Elmwood Avenue Buffalo, NY 14222 Dear Melissa, Thank you for providing SunTrust Bank with the opportunity to respond to SUNY
More informationMcQueen Financial Advisors
Fall Leadership Development Conference Interest Rate Risk and Industry Trends Jim Craven McQueen Financial Advisors SEC Registered Investment Advisor $4 Billion + under management Municipal & Corporate
More informationStudent Loans And Credit: An Overview
/16/20 Student Loans And Credit: An Overview.14.20 Jacquie Carroll, Ed.D., AFC, Engagement & Education Consultant Agenda 2 Borrowing realities Credit reports and scores Student loan and credit card impact
More informationSMR Research Corporation Stuart A. Feldstein, President
Mortgage Refinance And Home Equity Loan Propensity Scores Identifying Who's Most Likely To Get A New Loan In The Next Three Months SMR Research Corporation Stuart A. Feldstein, President 300 Valentine
More informationFederal Reserve Monetary Policy
Federal Reserve Monetary Policy To prevent recession, earlier this decade the Federal Reserve s monetary policy pushed down the short-term interest rate to just 1%, the lowest level for many decades. Long-term
More informationLending 101 The Basics
Lending 101 The Basics Overview Loan categories Credit types Different loan types Interest rate Applying for a loan Credit & credit reports Simple loan tips Test Loan Categories Secured loan - a loan that
More informationFinding and Financing Your Small Business. Hosted by Susan Strong 77
Finding and Financing Your Small Business Hosted by Susan Strong 77 Welcome! we will begin the webinar at the top of the hour Finding and Financing A Business... Find out the benefits and facts Agenda
More informationStrategic and Operational Overview May 11, 2016
Strategic and Operational Overview May 11, 2016 Safe Harbor Statement This presentation contains several forward-looking statements. Forward-looking statements are those that use words such as believe,
More informationThe Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners
The Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners March 2015 U.S. Department of Housing and Urban Development Office of Policy Development and Research U.S
More informationIntroduction to Private Student Loans and the Monogram Platform. Fall 2011
Introduction to Private Student Loans and the Monogram Platform Fall 2011 Benefit From the Attractive Qualities of Private Student Loan Assets Substantial market opportunity Increasing college population
More informationJ.P. Morgan FinTech and Specialty Finance Forum December 2015
J.P. Morgan FinTech and Specialty Finance Forum December 2015 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange
More informationA Guide to Student Loan Consolidation
A Guide to Student Loan Consolidation Introduction If you are reading this, you probably have student loan repayment fast approaching. Fortunately, you have options for repaying your student loans. One
More informationAppraisal A written analysis prepared by a qualified appraiser and estimating the value of a property
REAL ESTATE BASICS Affordability Analysis An analysis of a buyer s ability to afford the purchase of a home, reviews income, liabilities, and available funds, and considers the type of mortgage a buyer
More informationCREDIT REPORTS WHAT EVERY CONSUMER SHOULD KNOW ABOUT MORTGAGE EQUITY P A R T N E R S
F WHAT EVERY CONSUMER SHOULD KNOW ABOUT CREDIT REPORTS MORTGAGE EQUITY P A R T N E R S Your Leaders in Lending B The information contained herein is for informational purposes only. The algorithymes and
More informationThe Cost of College. Is the Price of Higher Education Worth Paying? Yasmine Byungura, Tessa Wood Introduction
The Cost of College Is the Price of Higher Education Worth Paying? Yasmine Byungura, Tessa Wood Introduction For decades, oncoming generations have been taught that the key to a successful, happy, and
More informationKey guarantee terms: Small Business Administration (SBA) 7(a) program
OVERVIEW OF LOAN GUARANTEE PROGRAMS A wholesaling approach to expanding private sector capital availability. Guarantees cover potential losses to encourage private lenders to make riskier loans. Guarantee
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 informationPrivate Education Loans Module Script
Private Education Loans Module Script Slide 1: Title Slide Slide 2: Private Education Loans: Preparing for Financial Success Ever daydream about joining the circus? Living a life of adventure as a lion
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 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 informationKeys to Your Financial Future Step 2.5: Credit Repair or Building Plan
46 MODULE 2: Good credit Keys to Your Financial Future Step 2.5: Credit Repair or Building Plan Use the questions to develop your credit repair or building plan. Do you need to repair your credit history?
More informationMounting Student Debt Is Reshaping The U.S. Student Loan Market
STRUCTURED FINANCE RESEARCH Mounting Student Debt Is Reshaping The U.S. Student Loan Market Primary Credit Analyst: Erkan Erturk, PhD, New York (1) 212-438-2450; erkan_erturk@standardandpoors.com Business
More informationStudent Debt Being Smart about Student Loans
Insight. Education. Analysis. S e p t e m b e r 2 0 1 4 Student Debt Being Smart about Student Loans By Kevin Chambers During the 2008 crisis, total American household debt fell. The amount of money borrowed
More informationInvestment Loan Program
Product Brochure Investment Loan Program For advisor information only Page 1 of 16 Page 1 of 16 About B2B Bank A leading Canadian supplier of third-party investment and RRSP loans. Provides lending solutions
More informationUNDERWRITING GUIDELINES (Applicant and Income Requirements)
(Applicant and Income Requirements) Applicant Eligibility Have the ability to personally occupy the dwelling Be a citizen of the United States or be admitted for permanent residency Non-occupant co-borrowers
More informationTestimony of Rohit Chopra. Student Loan Ombudsman, Consumer Financial Protection Bureau. Before the
Testimony of Rohit Chopra Student Loan Ombudsman, Consumer Financial Protection Bureau Before the Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer
More informationMortgage Retention: Predicting Refinance Motivations
Mortgage Retention: Predicting Refinance Motivations Nothing endures but change - Heraclitus (540 BC 480 BC) Changing Trends in the Mortgage Industry In 2001, at the dawn of the new millennium, long term
More informationCitizens Bank Student Loan For Parents
Education Finance 770 Legacy Place Dedham, MA 02026 1-888-333-0169 www.citizensbank.com/edu March 30, 2015 Mr. Mark Zaffalon Financial Aid Office SUNY College at Fredonia 280 Central Avenue Fredonia, NY
More informationGetting a Vehicle Loan
Getting a Vehicle Loan Section Objectives Buying a vehicle is a major purchase. You can borrow the money you need from a bank, a credit union or other financing company, many people like to finance through
More informationLoan. Application. Money Smarts for Kids. Money Skills for Life. Member FDIC. What to Know About Loans. Completing a Loan Application
Loan Application What to Know About Loans What do I need to know about applying for a loan? A loan is used to help you pay for something that you want to buy, like a car, college tuition, school trip or
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 informationHow to Understand your Student Loans
How to Understand your Student Loans How do my student loans work? (edited from Bill Pratt s Extra Credit: The 7 Things Every College Student Needs to Know about Credit, Debt, & Ca$h) 1. Borrow all federal
More informationProduct brochure. Investment Loan Program BANKING THAT WORKS FOR ADVISORS. For advisor information only
Product brochure For advisor information only Investment Loan Program BANKING THAT WORKS FOR ADVISORS About B2B Bank A leading Canadian supplier of third-party investment and RSP loans. Provides lending
More informationMaking Home Affordable: New Challenges, New Tools
Making Home Affordable: New Challenges, New Tools Todd Hempstead Senior Vice President, Single-Family Mortgage Business Fannie Mae June 2009 1 What I ll cover today Challenges facing our communities Fannie
More informationStudent Loans Know Your Options
Student Loans Know Your Options Sam Hewitt Director, Political & Grassroots Advocacy, GRPP Samuel J. Hewitt Sam Hewitt is the director of political and grassroots advocacy at the American Speech-Language-Hearing
More informationGovernment Guaranteed Business Lending
Government Guaranteed Business Lending Ideally suited to the mission of CU s to satisfy their members business loan needs Herb White, VP of Lending, Hudson Valley FCU Margaret Gilbert, Managing Director,
More information