Date post: | 25-Dec-2015 |
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HISTORY
• Responsible Borrowing Initiative:One on One Loan Session
• One on One Unsubsidized counseling
• Full Withdrawal Counseling
• LIVE Suspension seminar:Yes You Can
CURRENT EFFORTS: Communication prior to Enrollment
• Speak at Experience Hawkeye Days (Visit Days) to prepare students for college
• Have specific Financial Aid Experience Hawkeye Day
• Speak at Mandatory Orientation Sessions prior to students registeringHave Q&A session for family members
CURRENT EFFORTS: Prevention
• Table at Student Health Fair, Wellness Fairs and during FA Awareness Month to give information on managing their debt to decrease stress
• Visit College 101 classes
• “Stall Street” News for anyone on campus
• “Hawkeye Happenings” for instructors to pass information along
• Parent Newsletter
• Constant Up to Date Information on website
• FA Advisor Tables in Cafeteria
CURRENT EFFORTS: Prevention Cont.
CURRENT EFFORTS: Early Intervention
• New and Improved Responsible Borrowing online
• New and Improved Suspension ProcessAcademic Compliance FormYes You Can Seminar online
CURRENT EFFORTS: Before they leave school
• Require In-Person Exit Counseling Sessions for GraduatesHold official transcriptsHold College Diploma
CURRENT EFFORTS: After they leave school
• Send forbearance and deferment forms to those incarcerated
• Send out postcards every other month to borrowers in delinquent status– Complete monthly– Tailored to Loan Servicer
• Keep Skip Tracing up to date
RECENT EFFORTS• Teamed up with Business Office– Enclose Repayment Information with 1098Ts
• Teamed up with Career Services Center– Refer to help with resumes– Keep up to date contact information
• Increased Financial Literacy Awareness
• Requiring Game Plan as more hands on preparation for borrowing-in inclusion to Entrance Loan Counseling
• Teamed up with other offices to incorporate different ideas to College Strategic Planning to help with keeping Default Rates down:
Early Intervention Program (Look at midterm grades and requiring mandatory meetings with advisors and completing a mandatory “FA Consequences of withdrawing from school and not meeting SAP standards session)
Make College 101 classes mandatory
RECENT EFFORTS
IN THE WORKS
• Utilize new methods of contacting students
• Create understandable registration statement comparing bill & financial aid on the school portal
• Outsourcing Default Prevention
• Hire full time default prevention person
IN THE WORKS
• Work in conjunction with UNI-CUE and IHaveAPlanIowa.gov
• Start call system with telecounselors
• Hawkeye Alumni testimonies
• Send reminder in Graduation Survey
• Regular LIVE chat sessions promoting different financial literacy topics