Effective Borrower Education | Origin: FA120
This is a general discussion forum for the following learning topic:
Default Prevention: A State of Mind --> Effective Borrower Education
Post what you've learned about this topic and how you intend to apply it. Feel free to post questions and comments too.
Good overview of required information to review with student. Difference between deferment and forbearance very significant.
Strong communication throughout the enrollment process is key! especially different styles and efforts to reach out to as many types of students as possible!
Exit counsuling is very important when a student is graduating.
This is excellent information to assist FA with default prevention. All of us can assist with this effort to improve the university!
I have learned that Exit Counseling is just as important as Entrance Counseling as well as Dispursement Notifications to keep the student in the loop.
This was great information that will be communicated to the person. Again, communication is key here, so making that everything is said properly is always a plus.
It is an important information for student that understand the rights and responsabilities in have student loans.
It's very important to instill the concept of the rights and responsibilities to a student borrower. Communication is the KEY. Making sure to convey the message in a language/term that students can easily understand.
Effective borrower education is more than just entrance and exit counseling. We should use every contact with students as an opportunity to review their rights and responsibilities.
It's important for students to understand their rights and responsibilities. Communicating with students along the way, educating them on financial aid by reminding them that there are options in repaying loans as well as postponing payments if needed.
Exit Counseling is Equally Important to Entrance Counseling. A lot of hte information is repetitive and thus successfully providing the same information to the student is vital to them actually owning the information.
Entrance and Exit Counseling are opportunities to educate students of their rights as borrowers and the responsibility of loan repayment. One should be wary of overloading the student with information and instead should ensure concise sessions with relevant information that can be digested by the student.
