Click to add title Presented by. 1 st …. Some Statistics 20 Million Americans attend College each...

Click to add titlePresented by

1st…. Some Statistics

• 20 Million Americans attend College each year

• 60% borrow annually to cover education costs

• 37 Million student loan borrowers in U.S. as of 1st quarter 2012» 5.4 Million borrowers have at least 1 past due student loan

• $902 Billion to $1 Trillion dollars are in outstanding student loan debt in the US today» Average debt: $24,301 per student

• 65% of student loan borrowers misunderstood or were surprised by the aspects of their student loans or the loan process

• National Student Loan Default rate is 8.8% (FY2009) = 3.3 Million borrowers

35% of recent grads, said if they had to do it again – they would have pursued more scholarships or financial aid options, got a job while attending or started saving earlier.

Why Care?

• Most student’s first experience with debt is related to education costs

• Students often need help in understanding money management while on campus and for the future

» More focus on courses, less stress

• Creates proponents of higher education and your campus

• Avoids over borrowing and ruining credit ratings» Helps the economy

• Controls Default Rates at your Institution» Affects funding options

• Creates active and happy alumni

Resources to help!

www.YouCanDealWithIt.com

Borrowers

Learning about education debt and how to manage

Borrowers – STUDENT AID 101

Research topics on education funding. Click on a topic to receive additional information

Borrowers – MAKING PAYMENTS

Topics to understand options of repayment

Borrowers – TROUBLE PAYING

Options and Tips for Repayment

Borrowers – MANAGING MONEY

• Budgeting• Saving• Credit

Learn it Live it Love

it

Borrowers – CALCULATORS & RESOURCES

Figuring out what works best

Enter thenumbers

Explore Related websites

Borrowers – STUDENT AID TIMELINE

Tips for next steps

And beyond……………...

Borrowers – GRADUATE STUDENTS

Graduate School planning and tips

Borrowers – NON TRADITIONAL STUDENTS

Tips for starting or continuing education plans

PARENTS – from here to there

To help parents through the process

SCHOOLS – Debt Management

Tools for Financial Literacy and Default Prevention practices

Schools – FINANCIAL WELLNESS

Information, handouts & powerpoints to help you educate your students. Your HEAP can help with presentations on Financial Wellness

Schools – LEARNING MODULES

Helpful hints and activities to help with important topics like Retention and Exit Counseling

NEW: Entrance Counseling on this page!

Schools (Learning Modules) –

RENTENTION / EXIT COUNSELING

Tips…. and …..Tools

Schools – DEFAULT PREVENTION

Start

Here!

School – Default PreventionTHREE STEP LETTER SERIES

Scroll on the website toSee how to obtain copies of letters from: AES, FedLoanServicingor other Servicers

It helps when students hear from you!

Schools – Default PreventionDEFAULT AVERSION ROSTER

Keep track of possible default issues

Scroll on the website tosee how to obtain pre-default rosters from: AES, FedLoanServicingor other Servicers

Schools – Default PreventionCOHORT DEFAULT RATES

Learn more about your school’s Default Rates, how to read and protect them

Schools – CALCULATORS & DOWNLOADS

Tools for calculating Repayment Optionsand Managing Repayment Issues

Add them to your websites

Web Banners to add YouCanDealWithIt.com to Your School Site for quick access

Schools – HOW TO USE THIS SITE

Free Tips and Resourcesfor use in Educating,Assisting &Monitoring

www.YouCanDealWithIt.com

How to create Financial Literacy using YouCanDealWithIt ?

Enhance your Exit and Entrance Counseling

Include debt management topics in Freshman Experience/101 classes

Add to your Career Counseling workshops

Use Clubs and RA’s to talk about the message

Include YCDWI brochures around campus

Link www.YouCanDealWithIt.com to your websites

PHEAA can help create and provide plans using your:- Higher Education Access Partners and

- Fed Loan Servicing Representatives

THANKS!Questions?Comments?What’s in place - sharing?Who’s ready to start?

Linda Pacewicz

PHEAA, Higher Education Access Partner

lpacewic@pheaa.org