In the Default Prevention (DP) department, is set out to assist and help students with all of their questions regarding terminology, repayment plans and programs. We go into the classrooms to give presentations to students while they are in multiple stages of their careers at NAA.
Term 1 – Entrance Counseling- Financial Literacy Recap, Entrance counseling is a requirement if you’re borrowing for the first time under the William D. Ford Federal Direct Loan (Direct Loan) Program and have not previously received a loan through the Federal Family Education Loan (FFEL) Program. In fact, you must complete entrance counseling before you can receive the proceeds of your first Direct Loan.
Term 3 – NSLDS- how to look up their loan/s. We also give students a copy of their own NSLDS report were they can see the outstanding and/or pending amount of federal student loans that they have already received.
Term 6 & 9 – Exit Counseling- Is to provide an overview of information students will need to successfully repay the Federal Student Loan/s that they have received to help pay for their college costs under the William D. Ford Federal Direct Loan (Direct Loan) Program and the Federal Family Education Loan (FFEL) Program. We discuss how to choose the appropriate repayment plan that meets the student’s specific needs, Deferments/Forbearance, and the consequences of a defaulting.