1 / 12

SUNY Initiatives NYSFAAA Annual Conference 2012

SUNY Initiatives NYSFAAA Annual Conference 2012. October 2012. SUNY Smart Track. An innovative and transparent system wide approach to promote awareness and understanding regarding college choice, college financing options and responsible loan borrowing. SUNY Smart Track.

garnet
Download Presentation

SUNY Initiatives NYSFAAA Annual Conference 2012

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.

E N D

Presentation Transcript

  1. SUNY Initiatives NYSFAAA Annual Conference 2012 October 2012

  2. SUNY Smart Track An innovative and transparent system wide approach to promote awareness and understanding regarding college choice, college financing options and responsible loan borrowing

  3. SUNY Smart Track Helps students make the right choice in college and how to pay for college! If borrowing is part of that plan, students must understand their rights and responsibilities to make informed decisions

  4. National Research Strong financial literacy tools can assist students in making informed decisions with respect to loan borrowing Keeping students engaged promotes retention and increases completion rates Students who complete their education are more likely to become successful student loan repayers-regardless of the amount borrowed

  5. SUNY leads the nation We want to make sure our students and their families make the right choices by providing the right tools and guidance throughout their time at any of our campuses… Standard award letters, education and financial literacy and on going student engagement is the formula for SUNY students to achieve success!

  6. SUNY Smart Track will help students stay out of default • Data driven approach to student retention and default prevention using federal and SUNY data to identify at risk borrowers • Creates targeted and measurable campus interventions to mitigate risk • Develops student engagement strategies for all borrowers beginning with loan disbursement thru grace period and repayment • Additional strategies for delinquent borrowers and defaulted borrowers

  7. SUNY Award Letter • Adopts the federal shopping sheet format • Costs are displayed • Type of aid clearly displayed-loans vs grants • Campus comparison data-graduation rates, cohort • default rates and median loan debt

  8. SUNY Student Loan Service Center • Expands services to include communications with students throughout their time on campus and beyond • Assists former students who are delinquent or in default on a loan they borrowed while attending one of our campuses

  9. Web Based Learning Center • Financial literacy • Loan payment estimators • Responsible borrowing • Successful repayment planning

  10. Student Engagement • At risk students receive targeted interventions • All students receive communications based on plan developed in collaboration with campus • Customized at each campus

  11. On Boarding Process • Program description and expectations to College Presidents • Letter to College President-notification of schedule and request for campus contact designation • Coordinate campus meeting • Initial campus meeting to collaborate on campus plan • Authorization for NSLDS data

More Related