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January 29, 2010 |
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- Register for February's Lessons for Life: Credit Counseling - A Guide by the National Foundation of Credit Counseling (NFCC)
- College Student Wins Scholarship While Learning Valuable Finance Skills Online
- Federal Pell Grant Payment and Disbursement Schedules
- Revised Federal Perkins Loan Program Master Promissory Note Now in Use
- 2009 HHS Poverty Guidelines Extended Until March 1
- Research Review: Four-year College Growth Has Been Steady
- Dollars and Sense
- Compliance Corner
- Did You Know...
- Team NSLP. Recruiting Winners.
- Calendar of Events
- This and That and On That Note
- Subscribe to Newsbriefs
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Susan Keating, President of the National Foundation for Credit Counseling (NFCC), will offer expert information about credit counseling resources during this Lessons for Life webcast. Campus administrators will learn valuable information that will help them provide advice to students and others who are having financial difficulties. Bad credit can affect every aspect of a student’s life and sometimes expert assistance from a credit counselor is essential. Keating will explain what credit counseling is and how it differs from debt settlement and debt consolidation, how to select and contact a credit counseling agency, ideas college students can use to improve their financial health and much more! |
Date: Tuesday, February 2, 2010
Time: 1:00 pm Central/2:00 pm Eastern
Register at: https://nslp.webex.com/nslp/onstage/g.php?t=a&d=719732814
COLLEGE STUDENT WINS SCHOLARSHIP WHILE LEARNING VALUABLE FINANCE SKILLS ONLINE
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Julia Garcia, right, receives Financial Literacy Online scholarship from York College Financial Aid Director Brien Alley. |
Julia Garcia, a student at York College in Nebraska, earned a scholarship to help pay her educational expenses while she was learning how to make better financial decisions. Garcia completed personal money management courses using National Student Loan Program’s free Financial Literacy Online at www.nslpflonline.org to be entered into a drawing to win the scholarship. The program includes courses in budgeting, contracts, credit, credit history, financing education, identity theft, insurance and starting a business. The courses are designed to be taken individually so users can select the topics they need and complete them at their own pace. |
Garcia successfully finished all eight courses, each taking about an hour. Her test scores show she significantly improved her financial knowledge. Garcia says budgeting was the most important thing she learned. “Financial Literacy Online is a very beneficial program,” says Garcia. “It will help other college students learn to manage money responsibly and keep their debt low.”
National Student Loan Program initially designed Financial Literacy Online to help college students learn vitally-important financial management concepts that they might not learn elsewhere. The online program is also appropriate for high school students and available to the public.
The scholarship was offered in conjunction with Nebraska Financial Literacy Week in November. National Student Loan Program co-sponsored financial education seminars at 18 college campuses throughout the state and provided the scholarships as an additional incentive for students to learn critical personal finance knowledge.
Financial Literacy Online is one part of NSLP’s comprehensive financial literacy program, which includes 30 on-campus educational presentations for college students and administrators, and the popular Lessons for Life series, which provides campus administrators with information to enable them to counsel students on personal finance issues.
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FEDERAL PELL GRANT PAYMENT AND DISBURSEMENT SCHEDULES
On January 13, the Department of Education (ED) issued Dear Colleague Letter (DCL P-10-01) which includes the Federal Pell Grant Payment and Disbursement schedules for the 2010-2011 award year.
REVISED FEDERAL PERKINS LOAN PROGRAM MASTER PROMISSORY NOTE NOW IN USE
As of October 1, 2009, schools must distribute the newly revised Federal Perkins Loan Program Master Promissory Note (Perkins MPN) with an expiration date of August 31, 2012 to borrowers, and may no longer distribute the Perkins MPN with an expiration date of June 30, 2009.
The revised Perkins MPN has been updated to reflect changes to the terms and conditions of Perkins loans that were made by the College Cost Reduction and Access Act of 2007 (CCRAA) (Pub. L. 110-84) and the Higher Education Opportunity Act of 2008 (HEOA) (Pub. L. 108-315). Dear Colleague Letter (DCL CB-09-05) provides a summary of the statutory changes.
2009 HHS POVERTY GUIDELINES EXTENDED UNTIL MARCH 1
The Department of Education (ED) has published in a Federal Register that the 2009 Department of Health and Human Services (HHS) poverty guidelines will remain in effect until updated 2010 poverty guidelines are published, which will not take place before
March 1.
RESEARCH REVIEW: FOUR-YEAR COLLEGE GROWTH HAS BEEN STEADY
Four-year colleges and universities have experienced steady growth since 1995 according to data obtained from the U.S. Census Bureau. Take a closer look at this trend in this edition of Research Review.
Dollars and Sense
NSLP's Financial Literacy team—experts on money management issues—provide helpful tips for your students in each edition of Dollars and Sense.
COULD FREE TRIAL OFFERS BE 'FEE' TRIAL OFFERS IN DISGUISE?
Ever try to cancel a subscription or a service? What seems so simple can develop into a very difficult task; spending hours on the phone, explaining to numerous people why you want to cancel while being offered numerous other offers. Many consumers find themselves in this predicament because of a “free trial” offer.
The Federal Trade Commission has released an article that explains how consumers find themselves trapped, what to look for before agreeing to one of these offers, and if you are a business, how to protect yourself from misleading consumers.
Do you have a question about personal money management issues? Send it to Ask Financial Literacy, and our team of experts will quickly respond with an answer you can rely on!
For more great advice from our Financial Literacy experts, subscribe to our biannual newsletter, AFC Money Watch, and get the information you want sent directly to your inbox.
Compliance Corner
Compliance Corner is a recurring feature highlighting recent questions from schools and lenders. Read what your colleagues are asking, and find answers to questions you may have.
Q. If a dependent student’s parent is denied a Parent PLUS loan and the student is awarded an additional unsubsidized Stafford loan, how does the additional unsubsidized Stafford loan affect the student’s aggregate loan limit?
A. According to 2009-2010 FSA Handbook the aggregate loan limit for a dependent student whose parent is denied a PLUS loan is increased to $57,500, but no more than $23,000 of that amount may be a subsidized loan.
Did You Know . . .
Help your students find online information about their student loans with NSLP’s loan inquiry card. Hand the cards out to students at entrance or exit counseling or any time students want to find out about their loans. To accommodate Spanish-speaking students, the card is Spanish on one side, English on the other. Order your supply today!
Team NSLP. Recruiting Winners.
At various times, NSLP scouts for qualified candidates to join its winning team. Learn more about NSLP and career opportunities online, or contact Human Resources for more information.
Calendar of Events
You can view the Calendar and find NSLP's Business Development team exhibiting and presenting at many of the upcoming events. Stop by our booth or call 800-735-8778, ext. 6618 for a personal consultation to learn how you can streamline your student loan process.
This and That . . .
The most popular name for a pet in the United States is Max.
On That Note . . .
"Bad things are not the worst things that can happen to us. Nothing is the worst thing that can happen to us."
-Richard Bach
Questions or Comments?
If you have questions or comments, contact NSLP Customer Service at 800-735-8778,
ext. 6300 or e-mail nslpcs@nslp.org.
Subscribe to Newsbriefs. . .
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NSLP is a private non-profit guarantor of loans made under the Federal Family Education Loan Program. This publication is intended to provide NSLP's clients with current information on guarantor policies and procedures. The information is not intended to be legal advice. NSLP disclaims all responsibility for any claim arising from reliance on the information provided. Direct questions, copy requests or address changes to: NSLP Customer ServiceP.O. Box 82507, Lincoln NE 68501-2507 phone 800-735-8778, ext. 6300 402-475-8686 fax 402-479-6658 e-mail nslpcs@nslp.org |
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Editors: Carol Ash and Amanda Boltz |
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