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You Spoke, We Listened: More Financial Literacy Materials for Borrowers

November 7, 2011

Thank you for the positive feedback you provided regarding our printable .PDF resources that help students understand financial aid and financial literacy basics.  We continue to welcome your ideas for new tools.  You spoke, and we listened.

Student Lending Options

Students and families have a number of borrowing options to help finance their education. We recently received a request to provide explanations for some of those options.  Our 2011-2012 Loan Type Comparison sheet provides a high level comparison of federal loans (Stafford, PLUS, Perkins) and private loans.  This sheet is available in black & white and color versions. 

Deferment & Forbearance

We all know that some financial aid terminology confuses borrowers.  For example, a borrower may think they need forbearance when they actually qualify for a deferment.  Maybe they expect the right of deferment when they really should request forbearance.  We received requests for a document that defines these two terms. Deferment and forbearance are so important in avoiding delinquency and default during the challenging times of repayment.  See our Trouble Making Payments? resource that is also available in black & white and color

Following the format of our existing printable tools, an editable section is located at the bottom of the PDFs. In this section, you can enter and save your own customized messaging, contact information, website address, office hours, etc. 

What are your thoughts on these resources? How will you use them? Do you have other ideas for tools and resources that can help your students? Please leave a comment on this blog posting or contact your Nelnet Partner Solutions Regional Director. We would love to hear what works for you on your campus!

Lou Murray, Southwest Regional Director, Nelnet Partner Solutions

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