August 2007

Adam’s Story: Borrower Education Saves $35,000

Adam L. is a medical student. This past spring his school tapped into T.H.E.’s borrower education resources. As a result, Adam will save more than $35 ,000 on his education costs by implementing a financially savvy repayment strategy.

What education resources helped Adam save $35,000?

Because the financial aid professionals at his medical school promoted T.H.E.’s borrower education resources, Adam and his classmates had access to:

  • One-on-one debt management counseling from our customer service experts
  • Customized repayment worksheets and tailored advice from our Electronic Loan Counselor

Continue reading Adam's Story: Borrower Education Saves $35,000 »

Creating a Student-Friendly Lender List

While lender lists remain legal, they seem to be taboo words lately. Yet this doesn’t mean they can’t be of tremendous value to students.

This second article, following up on “Why You Should Create a Lender RFI Now,” shows you what one school has done to put students first.

Perhaps you’ve already narrowed down a few lenders you’d like to include on your lender list. But how do you make it student-friendly? We spoke with Chad Nosbusch, Associate Director of Graduate Financial Aid Services at the University of St. Thomas in St. Paul, Minn., to see what his university’s done.

Continue reading Creating a Student-Friendly Lender List »

  • August 20
  • filed under: Industry news

Make Sure Your Students Look Before They Leap

If you have something you can sell for $5 today, but in a couple of months you will only be able to sell it for $1, what do you do? Easy —- sell as many as you can by whatever means necessary during the next couple months.

Many of the student loan consolidation direct marketers are facing this dilemma. Under the proposals passed by Congress, consolidation loans that currently sell for a 5% premium will probably earn only about a 1% premium if the proposed changes go into effect on October 1, 2007.

Lenders will be rushing to fund as many consolidation loans as possible in the coming months, so your students’ mailboxes are about to be stuffed fuller than ever. But before your students jump at the “Sale Ending September 30th —- apply now” offer, make sure they evaluate if consolidation is right for them.

Hint —- our “Consolidation Mythbusters” brochure is a good place to start.