1. Exit Counseling

2. Congratulations!

3. Harvard University Employees Credit Union (HUECU) The Harvard University Employees Credit Union is a financial institution exclusively serving the students, alumni, faculty, and staff of Harvard University and the affiliated hospitals. Family members are also eligible.  Member Owned  Every member is an equal shareholder  Volunteer Board of Directors elected by members  Safe and Stable  Well capitalized  Federally insured by the National Credit Union Administration (NCUA)  Cooperative Model  Member deposits used to fund loans for other members.  All earnings returned to the members in the form of better value and enhanced services.

4. You’re a member www.HUECU.org (617) 495-4460 HUECU@harvard.edu

5. Agenda  Understanding Your Loans  Repaying Your Loans  Managing Your Finances  Completing Your Exit

6. Understanding Your Loans

7. HUECU Graduate Loan  Designed just for you  Variable Interest Rate based on U.S. Prime rate Changes quarterly if U.S. prime rate changes Interest accrues daily on outstanding principal balance  Prior to start of repayment Interest and origination fees capitalize on principal

8. University Accountings Services (UAS) UAS Servicer Collects payment on behalf of HUECU https://loanservice.uasecho.com uasloanservice@tsico.com 800-999-6227 OR (262) 780-2000 x 6917 (for calls outside the U.S.) HUECU Lender You Borrower

9. Repaying Your Loans

10. Loan Payments  Begin six months after student separates from Harvard December for May graduates  Applied towards principal & interest $ 100.00 Monthly Payment per $10,000 borrowed based on current variable rate and loan term

11. Loan Payments  Need to be made in U.S. dollars  Payment Options Automatic Electronic Payment (0.25% rate reduction) Online Credit card ($10 fee) Mail TravelEx/Western Union

12. Automated Electronic Payment  0.25% rate discount before and during repayment for automated electronic payment  To Sign Up Contact UAS OR Visit https://loanservice.uasecho.com

13. Travelex and Western Union Payments  Over 26 currency exchanges  Local transfer of funds from local bank  Visit www.HUECU.org for more information

14. Timely repayment of your loan is essential to the wellness of the program.

15. Delinquent Payments  Reported to credit bureaus  Sent to Collections and Charged Collection Costs Contact HUECU or UAS immediately if you can’t make regularly scheduled payment. Financial counseling and payment modification are available to help you.

16. Managing Your Finances

17. What are Your Financial Goals?

18. Financial Goals Short termLong-term

19. Where is Your Money Going?

21. Is Your Money Going Towards Your Financial Goals?

22. Budgeting Tips  Know your percentages: Your budget should be tailored to your financial goals—these are just suggestions. Mortgage/rent, utilities, taxes, home maintenance, etc. Student loans, credit card, personal loans, etc. Food, clothing, entertainment, childcare, medical expenses, etc. Car (payment, insurance, gasoline, parking), MBTA, Hubway, Uber, Taxi, Money put aside for emergencies only. Suggested percentages provided by www.balancepro.org

23. Budgeting Tips  Know the true cost of your expenses. What else could you have done with $5,000? CostWeekly CostAnnual Cost Coffee$2.50$17.50 (daily) $910 Lunch$10$30 (Three times a week) $192 Dinner$25.00$50 (twice a week) $2,600 Total$97.50$5,070

24. Benefits of Increasing Loan Payments  $15,000 loan  6.875% APR and 15 year repayment  $134 Monthly payment www.finaid.org PaymentTotal Payments Made Total Interest Paid Reduction in Loan Terms Minimum Payment $134$24,200$9,2000 years Additional $16 $150$22,350$7,3502.5 years Additional $25 $159$21,657$6,6573.6 years

25. Resources

26. Harvard University Credit Union Loan Repayment Information  UAS Contact Information Customer Service: 800-999-6227 Or (262) 780-2000 extension 6917 (calls outside the U.S.) https://loanservice.uasecho.com uasloanservice@tsico.com

27. HUECU’s BALANCE Counseling  BALANCE is a financial education and money management counseling service available as a benefit to HUECU members HUECU.balancepro.org 888-456-2227 HUECU Referral

28. Completing Your Exit

29. Step 1 https://loanservice.uasecho.com

30. Step 2

31. Step 3  Identifier  Borrower ID (located at top left of Loan Summary) OR  HUID  Postal Code  Zip code on loan summary

32. Thank You for Attending! www. HUECU.org (617) 495-4460 HUECU@harvard.edu