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1/8/2009
Entrance and Exit Counseling Checklists Available
With the passage of the Higher Education Opportunity Act of 2008 (HEOA), several new requirements were added to colleges' entrance and exit counseling responsibilities. To aid in complying with these new counseling components, the School Issues Workgroup of NCHELP's Program Regulations Committee designed Entrance and Exit Counseling Requirements checklists which combine all requirements (whether regulatory or statutory) in one resource document. We have made the checklists available for partner use in the Job Aids & Reference Materials area (#12) of College Zone's e-Library. The checklists can be printed and duplicated for reference by financial aid professionals.
Updated Mapping Your Future Exit Counseling Sessions, including TEACH Grants
Also in response to the HEOA, Mapping Your Future has updated several of their Online Student Loan Counseling (OSLC) exit counseling sessions. Specifically, information about income-based repayment and samples of average monthly payments under each repayment plan were added to exit counseling sessions for Federal Stafford loans and Graduate PLUS loans, as well as to combined sessions for Federal Stafford and Perkins loans and Federal Stafford and Graduate PLUS loans. Due to the changes made to the exit counseling sessions, colleges which utilize Mapping Your Future's customization options are encouraged to review their Stafford and Graduate PLUS exit text questions for any necessary revisions.
Another new addition to Mapping Your Future's online exit counseling offerings is for TEACH (Teacher Education Assistance for College and Higher Education) grants. This session was incorporated into OSLC, and provides information about the terms and conditions of the grant's service agreement and the rights and responsibilities that will apply if the grant converts to a loan.
Schools that wish to add TEACH Grant exit counseling to their participation with Mapping Your Future and/or that may have questions about customization are directed to send an e-mail message to feedback@mappingyourfuture.org.
Use Customization Options to Fulfill New Requirements
Although a number of the new loan counseling components require colleges to provide institution-specific information for their borrowers (e.g., definition of half-time enrollment, names and office information for college contacts, average repayment amounts at the school, etc.), Mapping Your Future's customization options can provide an easy way to fulfill these requirements. For more information about customization options, access the OSLC User's Guide.
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