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Saint Louis UniversityCOMMUNITY OUTREACH
Off Campus• 30+ Finaid 101 Workshops• 10+ FAFSA Workshops (to date)
On Campus• 6 FAFSA Workshops (January & February)
• 3 FAFSA Chat Evenings
Saint Louis UniversitySLU COMMUNITY
SLU 101FRESHMAN/TRANSFER ORIENTATION
Late May through Early July
One-on-one AppointmentsWith Freshman and Transfer Families
Saint Louis UniversitySLU COMMUNITY
Colleges & Groups• School for Professional Studies (Adults)• New Graduate Orientation• Executive Masters of International Business• Social Work – Orientation & Exit• OT, AT, PT, PA• Study Abroad• Accelerated Nursing• Billiken Bridge to Success (at risk students)• Student Educational Services (TRIO, first Generation)• Live Exit Interview Sessions
Saint Louis UniversitySLU COMMUNITY
Admissions• Preview Days• High School Counselor Luncheon• High School Counselor Workshops• New Student Coordinator (liaison w/Admissions)
• Financial Aid Training for Admission Staff• Martin Luther King, Jr. Scholarship Orientation
Metropolitan Community College
Default Prevention/Aversion• Grace Period Letters and Emails• Delinquency Letters and Emails
Entrance Counseling• On-campus group or individual entrance
counseling sessions• Repayment Form
Metropolitan Community College
Financial Literacy• COLL 100 Freshmen Orientation Class• On-campus sessions
• Target cohorts • High-risk borrowers • Students in high cost programs• Partnering with external organizations
Metropolitan Community College
Implementation & Challenges• Cross Functional District-wide Advisory Team• Develop a Default Prevention Plan• Upper Level Buy-in• MDHE Grant
ONGOING EFFORTS
• Collaboration with the Office for Financial Success – Debt management appointments
• Develop monthly budgets
– Exit Counseling• 24% of Mizzou’s spring 2013 graduates received in-
person counseling
Redesigned Award Letter Guide
INVEST IN YOUPublication date: March 2013Mailed to FTC with their official award letter.Highlighted the Mizzou graduation rate, loan default rate and median total borrowing.
MDHE Grant Proposal Submitted May 2013, Acceptance July 1, 2013
• Providing funds for a Graduate Assistant– Primary responsibilities include the analysis of the
characteristics of defaulters to assist in identifying the at-risk population and excessive borrowers.
• Development of additional financial guides to educate students on debt management and loan repayment.
PATH TO SUCCESSA Road Map to Smart Student Borrowing
Publication date: November 2013To be distributed to our current student borrowers identified as at-risk.Includes statistics to capture student’s attention.List of available on and off campus resources.Step by step journey to the goal of financial success.
RepayAwayStrategies for Repaying Student Loans• Publication date: late November 2013• To be distributed to students leaving Mizzou. • Emphasis on educating the borrower.
Bryan University
DEBT MANAGER
COHORT DEFAULT RATE
FINANCIAL LITERACY
DEFAULT PREVENTION
DEFAULT AVERSION
Bryan UniversityDebt Manager and Cohort Default Rates
• Debt Manager– Manage default management plan– MDHE Grant– Bryan University Task Force
• Provisional Period• Reduced Programs• Reduced Tuition
– Borrower Connect and Internal Student Information System
• Cohort Default Rates– CDR Challenge– CDR Appeal– CDR: Who are our defaulters???– CDR Projections
Bryan UniversityFinancial Literacy and Default Prevention
• Financial Literacy– Quarterly Lunch and Learn Events– Monthly Financial Literacy Newsletter– Social Media Financial Literacy Tips– Battle of the Campuses– Loan Advancement Process– Withdrawn Student Focus– Graduate Student Focus– Grace Period Letters– Student Tracking
• Default Prevention– Contacting Delinquent Borrowers: Phone, Mail, Email, Social Media, References– Borrower Connect: NSLDS and Servicer Reports– WISS
Bryan UniversityDefault Aversion and Future Goals
• Default Aversion– Contacting Defaulted Borrowers: Phone, Mail, Email, Social Media, References– WISS– Skip Tracing
• Future Goals– Improve Exit Counseling Procedure (Withdraw Student Focus and Graduate Student
Focus)– Continue to research default and delinquent borrowers to help identify trends and create
policy and procedures– Continue to incorporate campus-wide involvement– Research correlations between delinquent and defaulted students and program retention,
program graduation and program placement rates
Questions David Rice
Associate Director, Counseling & OutreachStudent Financial Services - Saint Louis University
(314) 977-2337 [email protected]
Dena NorrisDirector of Student Financial Services
Metropolitan Community College (816) 604-1527 [email protected]
Susie FacklamUniversity of Missouri Financial Aid Office(573) 882-7590 [email protected]
Jody CastilloSystems Director of Financial Assistance
Bryan University417.862.0098 [email protected]