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August 24, 2010
NSLP Servicesoffered to
NSLP Servicesoffered to
Todd Woodlee, NSLP
Robyn LeGrand, NSLP
AgendaAgenda
• NSLP…Who are we?
• Services NSLP Offers
• Introduction to Training in September
• Q & A
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NSLP; History, Vision and ServicesNSLP; History, Vision and Services• Private, not-for-profit
• 25 years in Federal Student Lending
• Former student loan guarantee agency
• Based in Lincoln, NE
• Providing Services to 580+ Colleges and Universities in all 50 States
• $11 billion portfolio of federal loans to administer and collect
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NSLP Vision StatementNSLP Vision Statement
Empowering Students and Families for a Lifetime of Success.
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Our ResourcesOur Resources
• Federal Financial Aid Training and Compliance Team of Experts
• 11 Field Representatives with key presence in following states:
– NE, NY, CT, RI, VA, NC, SC, GA, FL, AL, TN, MS, LA, NM, MO, KS, CO, CA, and AZ
• Repayment Solutions/Default Aversion Representatives
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Our ServicesOur Services
• Training and Education
– financial aid regulations
– money management, financial education
– student loans
• Experts at providing in-person, webinar, and self-paced, online training
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Financial Education ServicesFinancial Education Services
• Recognized leader in providing financial and money management education for college students and campus administrators
• Team of Accredited Financial Counselors certified through AFCPE
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Financial Education ServicesFinancial Education Services
• On-site seminars for college students on numerous money management topics
– Delivered 364 sessions YTD
• Webinars featuring financial education industry experts
• Financial literacy symposiums
• CEU credits available for some programs
Financial Literacy Seminar TopicsFinancial Literacy Seminar Topics
• Budget? What Budget?
• 3 Easy Steps to Student Financial Success
• 3 Easy Steps to Repaying Student Loans
• Your Credit Life Story
• Avoiding Identity Theft
• Money Management – Covering the Basics
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Financial Literacy Seminar TopicsFinancial Literacy Seminar Topics
• Heads & Tails of Money Management
• Smart Credit: Choosing and Using Credit Cards Wisely
• Signing on the Dotted Line – What You Need to Know About Contracts
• IOU – Making Informed Borrowing Choices
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Financial Education ServicesFinancial Education Services• Lessons for Life webinars - over 500 campus
administrators
• “Credit Counseling: A Guide by the NFCC” presented by Susan Keating in February
– http://www.nslp.org/vnews/display.v/ART/4b631f68bf176?in_archive=1
• The Ups and Downs of Credit Scoringhttp://www.nslp.org/vnews/display.v/ART/48e13ca1d2dc0 or www.NSLP.org
(link on Home Page)
NSLP’s Financial Literacy OnlineNSLP’s Financial Literacy Online
• Current offering:
– www.NSLPFLOnline.org
– Financial Literacy Online – over 5,000 users in 2010, knowledge gain of 31% from pre-test to post-test
– Budgeting, Credit, Credit History, Contracts, Identity Theft, Insurance and Starting a Business
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Financial AvenueFinancial Avenue
• New Program launches September 2010• Designed by trained instructional and e-learning
designers. Offering…
– Learning Objectives
– Pre-Assessment
– Post-Assessment
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Financial Avenue offersFinancial Avenue offers
• Activities
• Calculators
• Articles
• Resources
• Glossaries
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Student Loan Repayment SolutionsStudent Loan Repayment Solutions
• Student loan borrower counseling
– repayment options
– resolving delinquencies and defaults
– rehabilitating student loans
• Default prevention services for campuses
• We have 25 years experience and access to latest Department of Education information
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• Student loan debt now exceeds credit card debt, according to experts
– $829.7 billion in student loans
– $826.5 billion in revolving credit
• Along with a degree…
– undergraduate students leave college withover $20,000 in student loans
– graduate students have over $60,000 in loans
Student Loan Debt is RisingStudent Loan Debt is Rising
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The Situation:The Situation:
• Students and families will continue to borrow for higher education and debt levels will continue to rise.
• Student loans are complicated.
• To avoid severe, life-altering consequences, borrowers must understand their student loan options.
Recent LegislationRecent Legislation
• As of July 1, 2010 – All loans originated with Federal Government “Direct Student Loan Program”
• 5 Contracted Servicers:
– ACS -AES
– Sallie Mae -Great Lakes
– Nelnet
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Repayment OptionsRepayment Options
• Standard and Graduated
• Income Driven: Income Based Repayment, Income Contingent Repayment
• Loan Consolidation
• Deferment or Forbearance
• Loan Forgiveness & Cancellation Programs
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Needs of BorrowersNeeds of Borrowers
• How do I find comprehensive and complete loan history?
– www.NSLDS.ed.gov
• Budget after School?
• What repayment plan works best for me?
• What if I’m in trouble and can’t make/haven’t made my student loan repayments?
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NSLP’s Student Loan ExpertiseNSLP’s Student Loan Expertise
A unique, innovative program to help credit counselors and others understand the complexities of student loans and student loan repayment options so they can best serve their clients.
Four 90-minute modules cover student loansfrom beginning to end:
1. Financing a College EducationProvide advice to clients who are considering college.
2. Student Loan Repayment SolutionsHelp clients stay out of delinquency and default.
3. Choosing the Right Repayment PlanCase studies for helping resolve financial difficulties.
4. Student Loan Default—Now What?Learn the options for helping clients correct the situation.
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What our clients say...What our clients say...
Student Loans: Beyond the Basics
84.2% say it improved their knowledge85.0% consider it valuable82.5% would recommend it to others
“This is an excellent and affordable way to learn valuable information.”
“All the presenters & panels were helpful and very professional. This was fun.”
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How it helps you…How it helps you…
• Simplifies student loan complexities you will encounter
• Helps you help your clients more effectively
• Gives you a ready resource
• Modules are eligible for 1.5 CEUs through AFCPE with successful completion ofpre-test, post-test, and evaluation
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You’re Invited to a Free WebinarYou’re Invited to a Free Webinar
For CPR Members at the request from our members
“Student Loan Default—Now What?September 21, 3 pm – 4:00 pm Central Time
Eligible for 1.5 CEUs through AFCPE
Presented by Robyn LeGrand, NSLP
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For more informationFor more information
Todd Woodlee
Vice President of Business Development
800.735.8778, ext. 6872 or 706.231.0150
