[Defaultprevention] Default Prevention News

[Heid, Mary]

There are several items to share with you today that may be of interest to you in your default prevention efforts.

First,  here is a link to Complete College America's information on Oklahoma<http://www.completecollege.org/docs/Oklahoma.pdf>, which show we're making progress in providing access but need to see improvement on graduation rates.  We know that students who don't complete their programs are more likely to default.

Second, have you heard about the Department of Education's new Financial Awareness Counseling tool<https://studentloans.gov/myDirectLoan/financialAwarenessCounselingLanding.action>?    This tool provides students with financial management basics, like information about their current loan debt and estimates for student loan debt levels after graduation.  The tool integrates with NSLDS, which seems like a really great feature for students.  To see all the counseling has to offer, you can navigate through without signing in by just clicking the continue button at the bottom of each page.  If you are thinking of supplementing your current loan counseling this is definitely worth a look.  What do you think?

Last, if you have contemplated integrating student loan calculators on your Website, nerdwallet<http://www.nerdwallet.com/education/> just released three options that can be embedded on your site at no charge.  They are "Estimate Repayments," "Consolidation Calculator" and "Maximize Your Federal Borrowing."  Check them out!

Please feel free to share with the group tools and articles you like related to default prevention.  It is a team effort!

Mary Heid
Director for Policy, Compliance, and Training
Oklahoma College Assistance Program (OCAP)
a division of the Oklahoma State Regents for Higher Education formerly known as
   the Oklahoma Guaranteed Student Loan Program
405.234.4489 (office direct)
http://www.facebook.com/RepaymentScoop

The information, links, articles, and comments exchanged on this listserv are provided by a wide variety of participants and sources representing many different points of view. Information shared by members through the listserv is meant to spur discussion and promote awareness of topics of interest; it is not meant to promote any particular viewpoint and does not necessarily represent the viewpoint of the Oklahoma College Assistance Program or Oklahoma State Regents for Higher Education.

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