Whether you are new to the financial aid profession or looking to refresh your knowledge and skill set, Great Lakes is here to help with free, practical advice from financial aid professionals with years of real-world aid administration experience. We offer 20-minute Smart Talks™ to fit your schedule.
Great Lakes' SmartTalks™ provide you with great insight on important financial aid topics in less than 20 minutes.
Transitioning from Grace to Repayment: Maximizing the Opportunity (16:45)
During their grace period, students should plan for successful repayment. You can help maximize this planning period through strategic outreach and communication.
The FSA ID: Helping Student Gain Access (16:23)
Accessing Federal Student Aid information is essential to understand financial aid, but it's even more important for students. Having the ability to sign a FAFSA, complete a MPN, or do entrance loan counseling is critical for receiving Title IV aid. The FSA ID is one of the tools that allows a student to gain that access. This SmartTalk will share the steps that students will face and provide insight to help them in the process and prevent frustration along the way.
Getting Campus Buy-In for Your Financial Wellness Program (16:30)
We've all heard the phrase "it takes a village" and when it comes to building your financial wellness program, it's no exception. College students need more than Credit 101 — they need schools with holistic financial literacy programs. Reactionary help, such as default management or loan exit counseling, isn't as good as teaching students money management all along.
What Happens When a Borrower Files for Bankruptcy (15:00)
Do you know what to do when student loan borrowers experience unfortunate situations that detour them from being successful in repayment? This recording will increase your knowledge concerning the impact and resolution of bankruptcy on Federal Student Aid, and the role of loan servicers in the process.
An Overview of Loan Rehabilitation (7:56)
The consequences of student loan default can be devastating to your borrowers. When borrowers default they lose their Title IV eligibility, damage their credit, risk having their tax refunds and other benefits withheld, and face the possibility of wage garnishment and legal action. Fortunately, borrowers have a chance for a refresh start—loan rehabilitation.
What Happens When a Borrower Dies (13:26)
Facing the death of a student is a traumatizing situation for any institution. But what do you do after you know this information? This session is designed to provide federal guidance on the processes an institution should follow regarding disbursed grant and loan funds, loan balances, and institutional best practices. You'll learn about what you need to communicate to the Department of Education, the loan discharge process, and the role of the federal loan servicer.
An Overview of Public Service Loan Forgiveness (7:56)
This session will provide an overview of the Public Service Loan Forgiveness Program (PSLF). Student loan borrowers who enter and continue working for a public service employer may receive loan forgiveness after they have made 120 qualifying monthly payments. This program can provide tremendous benefit to students pursing public service careers, particularly those who have higher loan debt and lower salaries.