We at NorthStar Education Finance, Inc. regret to report that, due to the ongoing disruption in the global markets, the T.H.E. Bonus will be temporarily suspended, through the Total Higher Education (T.H.E.) Loan Program. As we have stated on our web site: T.H.E. Bonus amount is based on current financial market conditions and portfolio performance and is therefore subject to change.

With graduation just around the corner, are your students ready for repayment? You can help them understand their repayment options with an in-depth presentation that helps students create a tailored repayment plan and find ways to save money.

Students who default on a loan will face a challenging financial situation for many years to come – from applying for a car loan to a home mortgage, a delinquency will prevent them from getting good rates or even qualifying at all. Potential employers, landlords and insurance companies also run credit checks, so the repercussions of a default can be staggering.

We hope that our series on lender RFIs and RFPs have helped you create a strong lender list practice. We’ve heard from a number of schools that in the past the RFI/RFP process has been driven by calendar dates. But considering today’s climate that includes such developments as the subject-to-change clause, lender term accuracy guides the process. Many schools choose to wait for confirmed terms before distributing any information to students.

In less than a year, the student loan industry and financial aid offices across the country were shaken up by big changes. In uncertain times, it’s nice to know you can still count on consistency that T.H.E. offers with superior service.

Join us for informational calls on student loan finance news from Jamie Wolfe, industry veteran and CFO of NorthStar, the provider of T.H.E. Loan Programs. Jamie will share the latest insights affecting the financing of student loans in light of the mortgage crunch and recent legislative updates.

Too many students are overwhelmed by their debt after graduation. Our new brochure, Bright Ideas: Gauge Your Debt, can help them avoid this challenging financial situation by:

Last month, we introduced a new presentation, Student loan update: understand the details behind the headlines. Hosted in a number of schools and recently presented as a webinar, the material has generated very positive reviews. Addressing how recent legislation and the current economy affect student loans, it helps students understand what’s at stake and what steps they should take when it comes to their loans.