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Latest from FSA: New FSA Coach Course Available

August 16, 2017

FSA recently announced the availability of a new online course in the FSA Coach training suite. The new course – 2017-2018 FSA Coach Advanced Training – offers a primer for new directors, a module on audits and program reviews, and a cash management module.

With the addition of this course, the FSA Coach training suite provides a self-paced, interactive training opportunity for financial aid administrators of all expertise levels. The FSA Coach training suite provides the knowledge and skills necessary to successfully administer Title IV federal Student Aid programs.

For more information on this course, including links to the training, check out FSA’s announcement.

The Guide to Federal Student Aid

August 14, 2017

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When do I complete the FAFSA? What’s an award letter? Should I accept all of the aid I’m offered?

For students, financial aid questions come in bunches. To help students understand their options and answer their questions about federal student aid, FSA provides The Guide to Federal Student Aid. The guide offers detailed information on financial aid and the FAFSA.

This resource answers 15 important financial aid questions and breaks down the complicated topics for students. Questions covered in the guide include:

  • What is federal student aid?
  • Who receives financial aid?
  • When should I complete the FAFSA?
  • What information is necessary for the FAFSA?
  • How much financial aid may a student receive?
  • How will a student receive his or her financial aid?
  • And more

Another helpful tool within the guide is a chart that breaks down different types of federal student aid (grants, work-study, and loans). The chart explains the different eligibility requirements and also gives details on annual award amounts.

Please feel free to share The Guide to Federal Student Aid 2017-18 with your students and check out FSA’s website for more great Financial Literacy resources.

Help Your Students Avoid Identity Theft

August 10, 2017
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Identity thieves are out there. It’s an unfortunate truth, and their victims suffer much more than someone who has $50 stolen from their car. Identity theft occurs when a person commits fraud by posing as someone else. And it can take anywhere from months to years to recover from it. The Nelnet Library offers a guide that explains the precautions to take to avoid identity theft.

Our guide offers a variety of tips designed to help student borrowers keep private information private. This printer-friendly PDF also offers details on checking annual credit reports to ensure that they are accurate. And for student borrowers who may already be victims, the guide offers steps to take to mitigate damage and resolve the situation.

Check out the Nelnet Library for this and other great financial literacy resources.

9 Tips to Help Students Achieve Financial Wellness

August 8, 2017
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It is hard to make a budget, but it is even harder to stick to it. This statement is true at every stage in life, but seems to hold particular relevance while a student is in college. With impromptu social activities and quick access to a variety of dining options, it’s easy to lose track of where the money is going.

We know that by responsibly managing money, a student gains better control of his or her future. To help students manage their money, the Nelnet Library offers Nine Helpful Tips on managing money and sticking to a budget to help plan for the future.

This printer-friendly PDF offers advice to help students take control of their finances with the future in mind. Achieving financial wellness has never been easier.

Check out the Nelnet Library for this and other financial literacy resources.

10 Things Your Students Should Know About Student Loans

August 7, 2017
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Student loans can be stressful. With application deadlines, unfamiliar terminology, and an assortment of repayment plans, student borrowers may break into a light sweat when it’s time to discuss financial aid. To help student borrowers better understand their loans, the Nelnet Library offers a tip sheet with Ten Things a Student Borrower Should Know about his or her loans.
This list explains how student borrowers can avoid further student loan debt by having a plan, making a budget, understanding their loans, and knowing their repayment options. This printer-friendly PDF also explains how repayment is easier when the overall debt of a borrower is lower.
By gaining a better understanding of their loans, student borrowers will be able to avoid the stress that student loans can bring. No sweat.
Please feel free to share this guide with your students and check out the Nelnet Library for this and other great loan repayment resources.

Four Easy Ways to Avoid Delinquency and Default on Student Loans

August 1, 2017

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Student loans offer students the opportunity to receive an education, even when they may not be able to pay for it right away. However, there is a tremendous amount of responsibility that comes with taking out at student loan. It can be hard to make payments on time when a student is trying to find a job or meets financial hardships. To help student borrowers avoid default and delinquency, the Nelnet Library offers a tip sheet with four helpful and easy ways to consult with Nelnet about options to get better control of his or her student loans.

Student borrowers who need help can connect with us through our website, email, phone, and web chat. All of these options will connect students to associates who will assist them in finding the best options when avoiding default and delinquency. This printer-friendly PDF also reminds students to take control of their student loans and contact Nelnet for help when needed.

Having a student loan can be stressful, especially when it is difficult to make payments. Remember that Nelnet is here to help students have great student loan experiences.

Check out the Nelnet Library for this and other great default prevention resources.

Latest from FSA: How Marriage Impacts Student Loans

July 24, 2017

It’s wedding season, and FSA took the opportunity to post a great summary of how getting married can affect student loans to the Department of Education’s Homeroom blog.

The blog post summarizes how getting married can affect a student borrower in a variety of areas, including:

  • Income-Driven Repayment
  • Taxes
  • Repayment Calculations
  • And more

The post summarizes this information in easy-to-follow manner, including offering tables, like the one below, for visual learners.

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Feel free to share this post, along with other content from the Homeroom blog, with your student borrowers.