1 / 18

Student Loan Debt at IUPUI

Student Loan Debt at IUPUI. Student Loan Program Overview. Federal Stafford Loans (Direct Loans) Direct “subsidized” loans (3.4% - 6.8%) Direct “unsubsidized” loans (6.8%) Other Federal Loans Federal Perkins Loan (5%) Graduate PLUS Loans (7.9%) Health Human Services Loans (various rates)

Télécharger la présentation

Student Loan Debt at IUPUI

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.


Presentation Transcript

  1. Student Loan Debt at IUPUI

  2. Student Loan Program Overview • Federal Stafford Loans (Direct Loans) • Direct “subsidized” loans (3.4% - 6.8%) • Direct “unsubsidized” loans (6.8%) • Other Federal Loans • Federal Perkins Loan (5%) • Graduate PLUS Loans (7.9%) • Health Human Services Loans (various rates) Loans for Disadvantaged Students, Health Professions Student Loans, Nursing Student Loans, and Primary Care Loans • Federal Parent PLUS Loans (7.9%) • IU Loan Programs (donor funded, various rates) • Private Loans (credit-based – varies)

  3. Undergraduate Student Loan Debt Figures represent the percentage of the undergraduate class who graduated with a bachelors degree during the referenced year who started as first- time students. The loan debt figure represents borrowing while enrolled at the institution through federal and private programs. Source: The Common Data Set (CDS) http://www.iu.edu/~uirr/reports/compliance/common/index.shtml

  4. Percent of Degree Recipients with Loans

  5. Cohort Default Rate (CDR) • A “cohort” is a group of Stafford loan borrowers who entered repayment with in a given federal fiscal year. • A Cohort Default Rate (CDR) is the percentage of those students in a school’s cohort who defaulted within a specified period of time: • Two-year CDR: By end of the next fiscal year • Three-year CDR: within the next two Fiscal years

  6. STUDENT LOAN DEBTCDR 3 Year Rate How IU Campuses Compare Source: US Dept of Education National Student Loan Data Released 3/5/2012 * 2 year CDR at IUB = 1.8% * 2 year CDR at IUPUI = 3.8%

  7. Graduate and Professional Student Debt • Debt also rising • Medical figures included here

  8. Debt to Potential Income Advice • Limited now • Good calculators at www.finaid.org • Undergraduate calculator… www.finaid.org/calculators/undergradadvisor.phtml

  9. Student Loan Concerns • Upcoming July 1, 2012 loss of subsidy for graduate students, higher effective Direct Loan fees, raise in undergraduate Stafford interest rate • Number of students that transfer in with money borrowed at other institutions • Limited bankruptcy protection for student loan borrowers • Evidence that borrowers less likely to donate back to institution

  10. Financial Literacy Initiatives • Financial aid sessions that include financial literacy information are presented during Orientation for students with a separate session for parents • Financial literacy information incorporated into Spring Preview Days for admitted students • Dedicated financial literacy website as IUPUI partners with the nonprofit National Endowment for Financial Education (NEFE) to present an online financial literacy site called Cash Course at www.cashcourse.org/iupui

  11. Financial Literacy Initiatives • Student Financial Services does an hour presentation regarding financial literacy during first-year seminar courses • A variety of IUPUI programs provide financial literacy content to “at-risk” students such as first generation college students, underrepresented college students, 21st Century Scholars, Pell Pledge recipients, etc. • Financial literacy addressed by programs such as Upward Bound, Minority Engineering Advancement Program (MEAP), 21st Century Support Programs, Minority Law Days, SAAB/SAAS, etc.

  12. Financial Literacy Initiatives • Student Financial Services staff provide information to academic advisors so that they understand current financial aid rules and Satisfactory Academic Progress (SAP) regulations; note the SAP appeal process involves academic advisors working with the students. • Financial literacy information for high school studentsis provided through programming offered during the summer through such programs as Project Stepping Stone and the Olanyian Summer High School Program

More Related