[Natfinwellness] Loan Debt Letters

[Patrick S. James]

Nicole -

We send an updated NSLDS History to the student each time we certify a
Direct Loan. It is an automatic email process that runs at the end of day.

Patrick J.

_______________________________________________________
Patrick James, Director
Student  Financial  Services
36 S. Wabash  Ave., Suite 1200
Chicago IL 60603-3103
312.629.6600    312.629.6601 (fax)
​
FAFSA
​School ​
Code
​​
 001753

SFS Facebook   facebook.com/SAICsfs
SFS Twitter          twitter.com/SAIC_sfs
SALT Loan          saltmoney.org/saic
and Money Management

On Tue, Feb 23, 2016 at 5:31 PM, Nicole Solomon <Nicole.Solomon at mail.wvu.edu
> wrote:

> Hello all –
>
>
>
> I hope everyone is doing well.  I have a question, and I’m hoping someone
> can help.
>
>
>
> Prior to award letters going out to returning students, we send an
> “indebtedness” letter to let them know how much they have borrowed in
> federal loans at this point to make students think about their debt right
> before they accept loans for the upcoming aid year.  Last year this had an
> average impact of 10% - 13% on their borrowing for the following aid year.
>
>
>
> We would like to include an estimated monthly repayment for their loans on
> this letter, but we are not sure where to get that information or how to
> calculate it.  Does anyone do something similar and include an estimated
> monthly payment tailored to the students’ debt?  If so, do you include
> Perkins loan debt as well?
>
>
>
> Any help you all can provide will be greatly appreciated.  Thank you in
> advance!
>
>
>
> Sincerely,
>
>
>
> Nicole
>
>
>
> *Nicole Solomon*
>
> Assistant Director of Outreach and Communication
>
> WVU Financial Aid Office
>
> Phone: 304-293-5242
>
> Fax: 304-293-4890
>
> http://financialaid.wvu.edu/
>
> www.facebook.com/wvufinancialaid
>
> www.twitter.com/wvufinancialaid
>
>
>
> _______________________________________________
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> Natfinwellness at lists.osu.edu
> https://lists.osu.edu/mailman/listinfo/natfinwellness
>
>
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