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<div>Nicole,</div>
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<div>At Indiana University, we’ve been sending out the debt letters through Financial Aid the last few years. I don’t actually have the answer to your question, but the webinar that NSCFW is holding on Thursday at 3pm EST will be about IU’s debt letters and
it would be a great opportunity to get in touch with those in charge of our debt letter and ask them. If you need more information about the webinar, go here to register: <a href="http://goo.gl/forms/YajjJaPkkC">http://goo.gl/forms/YajjJaPkkC</a> and the
login information will be on the confirmation page. Hopefully that will help. Thanks!</div>
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<div>Phil</div>
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Phil Schuman</p>
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<span style="font-weight:bold">From: </span>Natfinwellness <<a href="mailto:natfinwellness-bounces@lists.osu.edu">natfinwellness-bounces@lists.osu.edu</a>> on behalf of Derek A Brainard <<a href="mailto:dabraina@syr.edu">dabraina@syr.edu</a>><br>
<span style="font-weight:bold">Reply-To: </span>National Financial Wellness Listserv <<a href="mailto:natfinwellness@lists.osu.edu">natfinwellness@lists.osu.edu</a>><br>
<span style="font-weight:bold">Date: </span>Tuesday, February 23, 2016 at 7:24 PM<br>
<span style="font-weight:bold">To: </span>National Financial Wellness Listserv <<a href="mailto:natfinwellness@lists.osu.edu">natfinwellness@lists.osu.edu</a>><br>
<span style="font-weight:bold">Subject: </span>Re: [Natfinwellness] Loan Debt Letters<br>
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<div>Same question!<br>
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Regards,
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<div>Derek Brainard</div>
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<div>Syracuse University</div>
<div>Financial Literacy Coordinator </div>
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On Feb 23, 2016, at 6:31 PM, Nicole Solomon <<a href="mailto:Nicole.Solomon@mail.wvu.edu">Nicole.Solomon@mail.wvu.edu</a>> wrote:<br>
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<p class="MsoNormal">Hello all – <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I hope everyone is doing well. I have a question, and I’m hoping someone can help.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">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.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">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?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Any help you all can provide will be greatly appreciated. Thank you in advance!<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Sincerely,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Nicole<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><i>Nicole Solomon</i><o:p></o:p></p>
<p class="MsoNormal">Assistant Director of Outreach and Communication<o:p></o:p></p>
<p class="MsoNormal">WVU Financial Aid Office<o:p></o:p></p>
<p class="MsoNormal">Phone: 304-293-5242<o:p></o:p></p>
<p class="MsoNormal">Fax: 304-293-4890<o:p></o:p></p>
<p class="MsoNormal"><a href="http://financialaid.wvu.edu/">http://financialaid.wvu.edu/</a><o:p></o:p></p>
<p class="MsoNormal"><a href="http://www.facebook.com/wvufinancialaid">www.facebook.com/wvufinancialaid</a><o:p></o:p></p>
<p class="MsoNormal"><a href="http://www.twitter.com/wvufinancialaid">www.twitter.com/wvufinancialaid</a><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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