Graduation is just around the corner and many of your students are probably coming to you with questions about repayment options, consolidation and other loan issues. Remember, the Electronic Loan Counselor (ELC), T.H.E.’s new online tool, can help students figure out their repayment strategies, organize their loan information and save them money once they enter repayment.

Using the tool is easy:

Students can go to our website at www.theloanprogram.org and click on the ELC link. We already have their T.H.E. loan information pre-populated, so all they have to do is give us some of their non-T.H.E. loan information and the ELC shows them a variety of repayment options tailored to each student.

Students can even select and implement a strategy that’s right for them right on the site.

Please call our Debt Management team with any questions you or your students may have about ELC at 1-866-562-6672. We will be happy to provide you with more information and help students use this new online tool.

We want to remind you that T.H.E. can run loan reports on almost any loan data any time you need it. Our savings reports are also a great way to show the benefits your financial aid office provides to students every year.

Two of our most popular reports are the T.H.E. Bonus report and the GradPLUS endorser listing report.

We’re celebrating 10 years in business, and we’re proud of our achievements over the past decade. Since our founding in 1997, we’ve returned almost $190 million to students in borrower benefits. And, after becoming one of the first national lenders to introduce zero-fee loans, we started a trend that has since been copied by other lenders in the industry.

Today, we continue our nonprofit mission of lowering the cost of higher education through our real, reliable and predictable T.H.E. Bonus as well as new programs we’ve created:

The Ramen Report, our lender-neutral student blog that offers tips on making smart decisions about education financing

Electronic Loan Counselor, an online tool that helps students select a repayment strategy that’s right for them

Borrower education brochures, including our Blue Skies: A Quick Guide to Smart Borrowing

We’ve come a long way but our mission remains the same. We look forward to many more years of helping to shape the student loan industry.

T.H.E. has changed the requirement of one time-only loan options for the Residency and Relocation loan and Bar Prep loan. Effective immediately, students may request more than one Residency and Relocation loan or Bar Prep loan as long as they don’t exceed the $15,000 loan limit or the aggregate loan limits. Students will also be able to apply for a Residency and Relocation loan or Bar Prep loan at any time after graduation as long as the loans are fully disbursed within 12 months of graduating. This means that students who graduate on May 1, 2007, will be able to apply for a Residency and Relocation loan or Bar Prep loan any time before April 29, 2008, as long as the loan is fully disbursed by April 30, 2008.