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1 st …. 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 1 st 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!

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 the numbers 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 Prevention THREE STEP LETTER SERIES Scroll on the website to See how to obtain copies of letters from: AES, FedLoanServicing or other Servicers It helps when students hear from you!

Schools – Default Prevention DEFAULT AVERSION ROSTER Keep track of possible default issues Scroll on the website to see how to obtain pre-default rosters from: AES, FedLoanServicing or other Servicers

Schools – Default Prevention COHORT DEFAULT RATES Learn more about your school’s Default Rates, how to read and protect them

Schools – CALCULATORS & DOWNLOADS Tools for calculating Repayment Options and 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 Resources for use in Educating, Assisting & Monitoring

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 to your websiteswww.YouCanDealWithIt.com 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