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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Aggregate amounts borrowed are reported on the letters sent out. We report on anything that we have in our systems as well as anything that we can see that the
student has borrowed that is listed on NSLDs.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">We then attempt to project how much the student will borrow if they continue at their current rate and take a guestimate at what their payment may be given the
known interest rates. With private loans, this is a little murkier as interest rates are not regularly disclosed to us on an individual basis.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">This is something that is mandated by Indiana law. Any school that receives assistance from the state must provide these letters to their students.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">I don’t see that the move to PPY will affect the letters any as the information being reported to the student is not related to data on the FAFSA.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Hope this helps,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Leo<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Leo Hertling<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Associate Director
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Division of Financial Aid<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Purdue University<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">765-494-5074 (V)<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">765-496-3918 (F)<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><a href="mailto:hertling@purdue.edu">hertling@purdue.edu</a><o:p></o:p></span></p>
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<p class="MsoNormal"><b><i><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><img border="0" width="86" height="49" id="Picture_x0020_1" src="cid:image007.jpg@01D22554.CE2668F0" alt="Description: Description: p_web"></span></i></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Boiler
Up! <o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> Natfinwellness [mailto:natfinwellness-bounces@lists.osu.edu]
<b>On Behalf Of </b>Carabez, Flor<br>
<b>Sent:</b> Wednesday, October 12, 2016 3:57 PM<br>
<b>To:</b> National Financial Wellness Listserv <natfinwellness@lists.osu.edu><br>
<b>Subject:</b> Re: [Natfinwellness] Debt Letter<o:p></o:p></span></p>
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<p><span style="font-family:"Calibri",sans-serif;color:black">And you're able to pull the aggregate amounts for all the student loans?<o:p></o:p></span></p>
<p><span style="font-family:"Calibri",sans-serif;color:black"><o:p> </o:p></span></p>
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<p><span style="font-size:13.5pt;font-family:"Arial",sans-serif;color:black">Flor E. Carabez</span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><o:p></o:p></span></p>
<p><strong><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:blue">Consultant, Outreach and Education</span></strong><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><o:p></o:p></span></p>
<p><em><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:blue">Columbia College Chicago: Student Financial Services</span></em><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><o:p></o:p></span></p>
<p><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:blue">600 S. Michigan Ave. Ste 303</span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><o:p></o:p></span></p>
<p><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:blue">Chicago, IL 60605</span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><o:p></o:p></span></p>
<p><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> <o:p></o:p></span></p>
<p><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:blue">Email:
<a href="mailto:fcarabez@colum.edu" id="LPNoLP">fcarabez@colum.edu</a></span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black"> Natfinwellness <<a href="mailto:natfinwellness-bounces+fcarabez=colum.edu@lists.osu.edu">natfinwellness-bounces+fcarabez=colum.edu@lists.osu.edu</a>>
on behalf of Schuman, Philip Andrew <<a href="mailto:phaschum@iu.edu">phaschum@iu.edu</a>><br>
<b>Sent:</b> Wednesday, October 12, 2016 2:44 PM<br>
<b>To:</b> National Financial Wellness Listserv<br>
<b>Subject:</b> Re: [Natfinwellness] Debt Letter</span><span style="font-family:"Calibri",sans-serif;color:black">
<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black">Flor,<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:black">We send out debt letters to our students and we’re not seeing changes as a result of prior-prior. The majority of our campuses send them out after the spring disbursement. <o:p></o:p></span></p>
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<p style="min-height:12px"><span style="font-size:8.5pt;font-family:"Georgia Pro",serif;color:black"><o:p> </o:p></span></p>
<p><span style="font-size:8.5pt;font-family:"BentonSans",serif;color:black">Phil Schuman<o:p></o:p></span></p>
<p><i><span style="font-size:8.5pt;font-family:"BentonSans",serif;color:#931431">Director of Financial Literacy</span></i><span style="font-size:8.5pt;font-family:"BentonSans",serif;color:#931431"><o:p></o:p></span></p>
<p><span style="font-size:8.5pt;font-family:"BentonSans",serif;color:black">504 N. Fess Ave.,<o:p></o:p></span></p>
<p><span style="font-size:8.5pt;font-family:"BentonSans",serif;color:black">Bloomington, IN 47408<o:p></o:p></span></p>
<p><span style="font-size:8.5pt;font-family:"BentonSans",serif;color:#931431">317.274.7430 / <a href="mailto:phaschum@iu.edu">phaschum@iu.edu</a> <o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;color:black">From:
</span></b><span style="font-family:"Calibri",sans-serif;color:black">Natfinwellness <<a href="mailto:natfinwellness-bounces@lists.osu.edu">natfinwellness-bounces@lists.osu.edu</a>> on behalf of "Carabez, Flor" <<a href="mailto:fcarabez@colum.edu">fcarabez@colum.edu</a>><br>
<b>Reply-To: </b>National Financial Wellness Listserv <<a href="mailto:natfinwellness@lists.osu.edu">natfinwellness@lists.osu.edu</a>><br>
<b>Date: </b>Wednesday, October 12, 2016 at 3:07 PM<br>
<b>To: </b>National Financial Wellness Listserv <<a href="mailto:natfinwellness@lists.osu.edu">natfinwellness@lists.osu.edu</a>><br>
<b>Subject: </b>[Natfinwellness] Debt Letter<o:p></o:p></span></p>
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<p><span style="font-family:"Calibri",sans-serif;color:black">Hello everyone,<o:p></o:p></span></p>
<p><span style="font-family:"Calibri",sans-serif;color:black"><o:p> </o:p></span></p>
<p><span style="font-family:"Calibri",sans-serif;color:black">I hope this message finds you all well. Out of curiosity, do any of your respective schools send out letters to the student body notifying them of their loan debt up-to-date? If so, how will this
continue with the prior-prior year efforts with FAFSA? <o:p></o:p></span></p>
<p><span style="font-family:"Calibri",sans-serif;color:black"><o:p> </o:p></span></p>
<p><span style="font-family:"Calibri",sans-serif;color:black">Our school wants to adopt this action piece as well, however, we are struggling with the prior-prior year efforts, since this will not allow for us to generate aggregate up-to-date info for the whole
student body.<o:p></o:p></span></p>
<p><span style="font-family:"Calibri",sans-serif;color:black"><o:p> </o:p></span></p>
<p><span style="font-family:"Calibri",sans-serif;color:black">Please email me for clarity or if any of you are already moving forward with these projects.<o:p></o:p></span></p>
<p><span style="font-family:"Calibri",sans-serif;color:black"><o:p> </o:p></span></p>
<p><span style="font-family:"Calibri",sans-serif;color:black">Thank you in advance,<o:p></o:p></span></p>
<p><span style="font-family:"Calibri",sans-serif;color:black"><o:p> </o:p></span></p>
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<p><span style="font-size:13.5pt;font-family:"Arial",sans-serif;color:black">Flor E. Carabez</span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><o:p></o:p></span></p>
<p><strong><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:blue">Consultant, Outreach and Education</span></strong><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><o:p></o:p></span></p>
<p><em><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:blue">Columbia College Chicago: Student Financial Services</span></em><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><o:p></o:p></span></p>
<p><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:blue">600 S. Michigan Ave. Ste 303</span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><o:p></o:p></span></p>
<p><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:blue">Chicago, IL 60605</span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><o:p></o:p></span></p>
<p><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> <o:p></o:p></span></p>
<p><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:blue">Email:
<a href="mailto:fcarabez@colum.edu" id="LPNoLP">fcarabez@colum.edu</a></span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><o:p></o:p></span></p>
<p><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> <o:p></o:p></span></p>
<p><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> <o:p></o:p></span></p>
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