Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

Slides:

Advertisements

Similar presentations

Cost of Credit Essential Question What main factors are included in calculating cost of credit? 1 1.

Advertisements

Credit is the promise to repay borrowed money (principle) with interest over a certain period of time. Credit cards, mortgages, car loans, student loans,

Earning Credit. Compelling Question Have you ever borrowed money from someone and not repaid it? Or has anyone ever borrowed money from you and not repaid.

SENIOR LOAN EXIT INTERVIEW DENTAL HYGIENE CLASS OF 2014 Repayment Strategies for Managing Your Student Loans.

Overview of student loan repayment options Capital University Law School Managing Student Debt.

Presented by: Thomas Murphy Harvard University Employees Credit Union Medical School Loan Repayment & Building Credit PARTNERS OFFICE of RESOURCES for.

LOAN ENTRANCE INTERVIEW DENTAL SCHOOL CLASS OF 2018 Responsible Borrowing Leads to Responsible Repayment.

The Costs and Advantages of Home Ownership Fixed-Rate Mortgages Adjustable-Rate Mortgages Closing Costs Taxes, Insurance, and Maintenance -4-2.

Lenders/ Guarantors/Servicers – Who Does What and When? Presented by: Gretchen Bonfardine Professional Services Consultant.

Debt Management Lecture No.10 Professor C. S. Park Fundamentals of Engineering Economics Copyright © 2005.

Personal Finance Chapter 16

Consolidation – benefits and considerations Michelle Anderson Senior Policy Advisor, Policy and Regulatory Affairs Sam Wilson Assistant Vice President,

Shopping for an Automobile Loan What Do I Need to Know? Using Standard Calculators.

You’ve Graduated – Now what?. Are You...  Going to grad school  Starting a career  Taking time off (NO!!)  Unsure You Must...  Consult loan paperwork.

TODAY’S PROGRAM DEBT MANAGEMENT OVERVIEW UNDERSTANDING YOUR NSLDS REPORT BUDGETING AND CREDIT REPAYMENT OPTIONS TODAY’S PROGRAM DEBT MANAGEMENT OVERVIEW.

National Student Loans Service Centre Online

Government Sponsored Student Loans Repayment Seminar.

Contemporary Engineering Economics, 4 th edition, © 2007 Debt Management Lecture No.13 Chapter 4 Contemporary Engineering Economics Copyright © 2006.

Private Loan Overview and Repayment Options for International Students New York University Stern School of Business Presented by: Jason Cook April 2007.

LOAN REPAYMENT STRATEGIES Understanding the Unique Nature of Federal Student Loans Module 1 Tulane University Jeffrey Hanson Education Services.

LOAN REPAYMENT STRATEGIES Estimating Your Monthly Student Loan Payments Module 5 Tulane University Jeffrey Hanson Education Services.

LOAN REPAYMENT STRATEGIES Planning for Student Loan Repayment Module 2 Tulane University Jeffrey Hanson Education Services.

LOAN REPAYMENT STRATEGIES Exploring the Federal Student Loan Repayment Plans Module 3 Tulane University Jeffrey Hanson Education Services.

Regular Deposits And Finding Time. An n u i t y A series of payments or investments made at regular intervals. A simple annuity is an annuity in which.

Direct Loan Consolidation Process Presented by: Daniel Weigle School Support Manager, FedLoan Servicing

Consolidation Loans: How They Work Kristie A. Hansen Policy Liaison & Implementation Federal Student Aid Session 48.

 a type of credit that is typically started at the time of purchase for a specific asset  Common for purchases of $1,000 or more  Ex. car, motorcycle.

Consumer Credit Chapter 11.

NYSFAAA NYSFAAA Statewide Training Spring 2009 New Requirements for Exit and Entrance Loan Counseling.

 One Lender, One Monthly Payment  Free consolidation, no hidden fees  Flexible Repayment Options: 4 different plans 

Loan Exit Counseling Facts & Tips. AGENDA What types of loans do I have? Where can I find my loans and who is my loan servicer? What are my Federal Direct.

Warm UP Problem Use graphic calculator or website What is the monthly payment and finance charge on the following loan? $3,500 – NO Down Payment 12% 30.

Chapter 16 Credit in America

The Basics of Credit Objective: To explain the concept of consumer credit, including major types and their benefits/drawbacks.

© 2014 Cengage Learning. All Rights Reserved. Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO3 Identify the components of a loan application.

Interest on Loans Section 6.8. Objectives Calculate simple interest Calculate compound interest Solve applications related to credit card payments.

2002 MASFAA Conference DIRECT LOAN CONSOLIDATION David A. Solá U.S. Department of Education Boston Regional Office.

Trailblazer Camp 2007 They All Asked For You Loan Repayment and Responsibilities.

Building Credit RisksTrouble Types of Credit Fees Final Jeopardy.

P OP Q UIZ 1. What schools are you considering? List your top three options. 2. What majors are you considering? (top 3) 3. What careers are you considering?

10/5/ Educational Loans – Repaying and Consolidating

Which of the following is included in “Other Receivables”

Mortgage Loans. What is a Mortgage Loan? A loan secured by real property.

Chapter © 2010 South-Western, Cengage Learning Credit in America Credit: What and Why Types and Sources of Credit 16.

Unit 8 – Personal Finance Compound Interest Formula.

Loans Presented by S. Cox. Objectives  Describe the different types of loans  Explain the types of financing assistance provided to businesses.

Managing Student Loan Debt. PICPA The Pennsylvania Institute of Certified Public Accountants PICPA is a professional association of more than 22,000 CPAs.

3.1 Simple Interest Definition: I = Prt Definition: I = Prt I = interest earned I = interest earned P = principal ( amount invested) P = principal ( amount.

Credit Cards. Questions we will answer… What is credit? What does it cost to use credit? What are the advantages of using credit? Where can you get credit?

Topic 4 of 6 Repayment 1 ©2014 Mapping Your Future, Inc.

Credit and loans What do I need to know? Credit card revolving access to a fixed sum of money …revolving…? you can spend up to your credit line whatever.

Forgiveness programs Income Based Repayment (IBR) after 25 years* Pay As You Earn (PAYE) after 20 years* Public Service Loan Forgiveness, assuming borrower.

Consumer Outreach – Special Issues – Student Loan Debt Wendy Badger, Chief Compliance Officer ECMC Group, Inc.

A Dealing with Dollar $ workshop Understanding Credit and Debt.

Shopping for an Automobile Loan What Do I Need to Know? Using Financial Calculators.

Credit Credit: borrowing money to pay for something now while promising to repay it later. Lender: the person loaning the money Borrower: receives the.

WELCOME 2015 Future Impact Program A Financial Program for Fourth Year IUSM Medical Students March 7, 2015.

Chapter 7 Buying Decisions. Slide 2 Where Can Consumers Get Credit? Credit is the ability to borrow money and pay it back later. 7-2 Getting Started with.

Repayment Strategies UCSD School of Medicine Class of 2013 Paul S. Garrard Founder and President, PGPresents, LLC Independent Student Loan Consulting 2013.

Real Estate Loans.  Payment = (loan amount ÷ 1000) x table value  Use REAL ESTATE amortization table found on p Because this table lists the principal.

2016 Financial Aid Exit Interview College of Dentistry College of Dentistry Class of 2016 University of Illinois at Chicago.

+. + What are the 6 types of debt solutions?  Debt settlement  Debt consolidation  Debt management  Bankruptcy  Self repayment plan  Ostrich method.

Direct Loan Exit Counseling

Loan Exit Counseling Facts & Tips

Business Mathematics 5 types of transactions / questions

Module Number 5 Federal Consolidation Miller School of Medicine

Loan Exit Counseling Facts & Tips

Minimizing the Burden of Student Loans

Calculating Loan Repayments

9 Topics Agenda. CONGRATULATIONS! Exit Loan Counseling Presented by Office of Financial Aid 2018/2019 Academic Year.

Presentation transcript:

Your Loan Portfolio Working Your Way Through

National Student Loan Data System

What Should You See? Principal Loan Amount Servicer of your loan Guarantor of your loan Loan status Contact information

What You Should See

What Is a Guarantor? A guarantor is someone who pledges that a loan or other type of debt will be paid. Usually, a guarantor agrees to pay or perform another person's debt or duty should that person fail to do so

What Is a Servicer? A loan servicer is a public or private entity that collects principal and interest payments, monitors and report loan repayments.

Handling Multiple Servicers Who are the servicers?

Handling Multiple Servicers

Possible Conflicts  Selling of your loan(s) between transactions  Multiple payouts

Possible Solutions Consolidation  Benefits Extended Repayment Option Make one payment to one servicer a month Easy account management Public sector loan forgiveness  Cons Loss of grace period Possible loss of prior benefits

How to Consolidate Loan Consolidation Application and Calculator Calculator online/appindex.jsp Application

Thank You Questions????