Actualidad de los trabajos realizados en la Universidad Complutense de Madrid

The School of Nursing is in compliance with the Higher Education Reauthorization Act Title IV eligibility. Certification requirements are maintained appropriately.

3.4.1 A written, comprehensive student loan repayment program addressing student loan information, counseling, monitoring, and cooperation with lenders is available.

Compliance with the Higher Education Reauthorization Act Title IV is met by the office of Financial Aid, which strives to inform students of the various repayment options which include standard, extended, and graduated repayment, income contingent option and income based plan.

By having clear knowledge and understanding of these payment plans, students are more likely to repay their student loans in a successful manner. The Office of Financial Aid relies

heavily on entrance and exit counseling. Students can complete these counseling sessions via the internet at http://www.studentloans.gov. The counseling sessions are very informative for student loan borrowers at the University. The knowledge that student loan borrowers receive during both counseling sessions help ensure that they will be knowledgeable about how to properly

communicate with their student loan servicers. They also receive information about the rights that they have as student loan borrowers as well as their student loan servicers. An informed student loan borrower is very likely to fulfill their student loan obligation.

The Financial Aid office provides a written comprehensive student loan repayment program in the Default Prevention Plan. Entailed in the Default Prevention Plan is a list of measures that the Financial Aid office has taken to ensure that students are informed about student loans. The Financial Aid office utilizes entrance and exit counseling, which provides students with extensive knowledge about student loans.

Default Prevention Plan

Entrance Counseling (studentloans.gov)

Before the release of loan proceeds, entrance counseling is required of all new freshmen, new borrowers and transfer students who are enrolled in Grambling State University for the first time. The sessions are held each day at beginning of the fall and spring semesters. In these sessions, the following information is provided:

Difference between a subsidized and unsubsidized loan

Importance of maintaining academic eligibility for financial aid Information on the purpose a 6 month grace period

Repayment options

Students obligation to notify lenders and guarantee agencies when they move, change

their name, telephone number, transfer to a new school, change their social security number or drop below half-time status

Information on deferments and forbearance and how to obtain them Consequences of a defaulted loan

Exit Counseling (studentloans.gov)

Exit Counseling is provided to students who are withdrawing from the University or graduating. The following information is provided to these students:

Difference between a subsidized and unsubsidized loan

Importance of maintaining academic eligibility for financial aid Information on the purpose a 6-month grace period

Repayment options

Students obligation to notify lenders and guarantee agencies when they move, change their name, telephone number, transfer to a new school, change their social security number or drop below half-time status

Information on deferments and forbearance and how to obtain them Consequences of a defaulted loan

A sample repayment schedule is provided Financial Literacy and Post Student Contact

Financial literacy informational sessions are held for the student body which helps to ensure that students are more knowledgeable about how to manage finances. Knowledge about financial literacy assists in reducing student loan borrower’s chance of defaulting on student loans. If a situation occurs in which a student borrower becomes delinquent on their student

loans, communication from the default prevention team will take place in the following manner:

Mail a letter to student borrowers stating the amount of days delinquent, lenders, and contact information of lenders

Contacting students by telephone informing them of the status of the delinquent loan.

Mailing a postcard to student borrowers to contact default prevention team for assistance in resolving the issue

The default prevention team conducts departmental visits across the University emphasizing the importance of sensible borrowing and maintaining satisfactory academic progress. In these lecture type sessions, material on debt management is distributed which contains alternative financing options before the beginning of a new award year. Another key function of the default prevention team is to provide information to students about scholarships and grants. The University understands the importance of distributing information about financial resources that do not have to be repaid.

Skip Tracing

GSU Financial Aid office is in constant communication with student loan lenders through skip tracing. Skip tracing is a tool that helps prevent student loan defaults by ensuring that

lenders have accurate and up to date contact information for student loan borrowers.

Furthermore, GSU utilizes http://www.NSLDS.ed.gov, (National Student Loan Data System), a tool in which financial aid professionals and students can review borrowers’ student loan

profiles. This website allows borrowers to know the amount of their student loan debt as well as the various servicers of the student loans. This website can also be utilized to monitor the delinquency of student loans.

3.4.2 Students are informed of their ethical responsibilities regarding financial assistance.

Student loans borrowers are required to log on to http://www.studentloans.gov and complete entrance and exit counseling. During the required entrance and exit counseling, student loan borrowers are reminded of the obligation to repay student loans in a responsible fashion.

Students are instructed on forbearance and deferment, payment plans, and of what actions to take in the case of inability to make loan payments. In completing exit counseling on

studentloans.gov, students are able to see which student loan servicers possess their student loans. In addition to participating in entrance and exit counseling, students are provided with literature in the form of a brochure that informs them on how to successfully repay student loans.

This brochure has been formulated by the Default Prevention team at Grambling State University and has been customized to meet the needs and to adequately inform the students of Grambling State University. Entrance and exit counseling can be completed at studentloans.gov. Grants and scholarship specific for nursing students include the Health Resources and Services

Administration (HRSA) grant, Department of Education stipend for African Americans, and the Tequita Bryant Memorial Scholarship.

3.5 Integrity and consistency exist for all information intended to inform the public,