Loans: The Big Picture Becky Woods Assistant Director of Financial Aid, Southern Maine Community College October 20, 2014

Agenda  Answer the overall question, “How do we as FA professionals educate our students and campus communities about the big picture regarding student loans and successful repayment?”  Split into work groups to answer discussion questions  Share what the groups have come up with and open up group discussion. Our goal today is to share what we’re doing and ideas we have for the future and to walk away with a play book for how we can educate our communities best in years to come.

How do we help others see the big picture? 1. How does a student request a loan at your institution?  Applying for a loan through graduation, what steps do they need to take? 2. How do you educate your campus community on the details of borrowing? (students, administration, staff, faculty)  Subsidized vs. Unsubsidized, Aggregate Loan Limits & Interest Rates, Private Loans  SULA (new & transfer students)  Repayment & Default 3. What does your school do to help students understand the big picture- short & long term impacts of borrowing?

Bring it back together…  What we’re doing now….  How do your students apply for loans?  How do you educate your campus community?  The Big Picture education  Ideas for the future…..  What can we do better?  Simple changes that make a big impact  Suggestions of what’s worked well

Questions or comments? Thank you for joining in our discussion!