Now Available: Federal Direct Loan Counseling Toolkit!
As you know, entrance and exit counseling are often your school's first and last opportunity to collect and share important information about federal student loans and repayment with student loan borrowers. For the most effective impact on your borrowers, we recommend in-person counseling. Whether counseling is one-on-one or in a group setting, in-person counseling gives borrowers the opportunity to ask specific questions and you the opportunity to collect current demographic information — all of which can reduce both your borrowers' chances for default and your school's cohort rates. If your school is interested in conducting in-person entrance and exit counseling, OCAP can help! Our Ready Set Repay team has developed a Federal Direct Loan Counseling Toolkit to help Oklahoma's financial aid administrators meet regulatory requirements for entrance and exit counseling.
This toolkit includes:
- Entrance and Exit Counseling PowerPoint presentations that meet regulatory guidelines
- Quizzes covering material from each presentation to confirm student comprehension
- Entrance and Exit Counseling Rights and Responsibilities checklists
- A Demographics Information form
- A budgeting worksheet
- An electronic version of the Borrow Smart from the Start brochure (which can also be included in electronic award letters)
To further assist you with entrance and exit counseling, an OCAP Training Specialist may be able to deliver your counseling presentations. To order your copy of the Federal Direct Loan Counseling Toolkit or to discuss the possibility of scheduling a counseling presenter, contact Scott DeBoard, OCAP Training Specialist, at sdeboard@ocap.org. For more products and services to support your default prevention efforts, visit ReadySetRepay.org.
Mary Heid
Director for Default Prevention, Compliance & Training Services
Oklahoma College Assistance Program (OCAP)
P.O. Box 3000 | Oklahoma City, OK 73101-3000
mheid@ocap.org | www.ReadySetRepay.org