Private Loan Processing Made Easy!

Transcription

1 Private Loan Processing Made Easy!

2 What We Will cover Today How to streamline your private loan process with the use of: FASTChoice ScholarNet CDS Hear how The Citadel implemented these products and how they have helped streamline their private loan processing GradReady Financial Literacy Tool

3 FASTChoice, ScholarNet, CDS & GradReady Features and Functionality

4 FASTChoice Gives student loan customers the information they need to make the best choice among many private loan options FASTChoice Great Lakes' online private loan counseling and selection tool offers three components: 1. A traditional or private loan consolidation lender list 2. Loan counseling for both new student loan customers and those who are entering repayment 3. Legal disclosures Each component can operate on its own, or can be seamlessly combined to best meet your needs

5 How it Helps You Reduces the need for one-on-one counseling and ensures student loan customers receive consistent information from your school Allows you to support students at all stages of the private loan process with two, fully-configurable financial literacy counseling flows (Borrowing Essentials and Repayment Essentials) Merges seamlessly with your school's existing website; student loan customers see your school colors and logo for a branded experience Accessible from any Internet-connected computer and doesn't require IT staff support from your school

6 FASTChoice

7 What is ScholarNet? An electronic, online application and loan processing tool that allows you to exchange and manage student loan data with other institutions

8 What is CDS? CDS works in conjunction with ScholarNet to compile information from multiple lenders into a single disbursement and roster Simplifies the process of returning funds to lenders; you don't have to contact each lender

9 How ScholarNet and CDS Helps You Connects your school to hundreds of private loan providers and over 1,200 loan program Eliminates data collection, manipulation, and aggregation tasks to free up your staff's valuable time Includes advanced reporting tools; reports are delivered by subscription or on-demand to Report Inbox Accessible from any Internet-connected computer and doesn't require IT staff support from your school

10 Supporting Students With ScholarNet's user-friendly interface: Your day-to-day private loan processing tasks are straightforward and simplified You'll have more time to spend with students who need one-on-one assistance ScholarNet gives you access to the information you need to effectively manage the private loan process for your student loan customers

11 Fast and Easy Setup The ScholarNet move-in process is quick and easy. Your dedicated Great Lakes representative will manage all the details, including ongoing, personalized support once you're up and running NO Contracts!

12 Here s How Simple it is

13 And From the School s Point of View Traci Singleton Financial Aid Coordinator The Citadel The Citadel is a FASTChoice, ScholarNet, CDS user

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15 Current Program, Needs, Concerns Are you looking for resources to reduce student indebtedness and support repayment ability? Could self-help student loan education improve customer service and operations? Do you struggle with how to measure the impact of financial education? Could comprehensive financial education be a benefit of enrollment to distinguish you from others?

16 GradReady Features Learn, Plan, Gauge Engaging online education Videos and interactive tools to encourage learning and personalize results Relevant financial topics Spans school enrollment: admission through graduation Organized approach focused on achievement

17 GradReady Features Reports to track engagement and success Measure improvement in knowledge and behavior See base-line and final exam results as well as use of lessons and tools Cost effective and easy to implement School branded website with school chosen web address Step-by-step support: online and account manager Promotional resources

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27 Pricing Although GradReady is a fee based product, because we are committed to educating your student loan borrowers, we are pleased to offer this robust financial literacy product at no cost to schools who are using ScholarNet to process their private loans. *The free option with ScholarNet is available to schools with 100 or more transactions

28 Questions, Next Steps

29 Questions? Biz Daniel (SC, NC, VA, DC, DE, MD) /

30 Thank You For Attending 2016 Great Lakes Higher Education Corporation & Affiliates