Sentences with phrase «additional loan counseling»

However, current law prohibits schools from requiring students to complete additional loan counseling to supplement the minimum requirements.

Financial aid administrators at graduate and professional schools should be able to use their professional judgment to require additional loan counseling for students.

So, we know that students want and recognize the need for additional loan counseling.

Finally, the hope is that additional loan counseling will help students stay on track to graduate, leaving fewer students without a degree at a high risk for default.

Last week, the Department of Education announced a new experiment to test the effectiveness of additional loan counseling programs for college students.

Not exact matches

Well - intentioned as it may be, limiting the ability of schools to require additional counseling as a condition for accessing federal loan funds is detrimental on a broad scale — affecting student borrowers, schools and taxpayers alike.

The Journal Times reports that on Tuesday, Mason, along with state Sen. Dave Hansen, introduced the «Higher Ed, Lower Debt» bill in Madison, which would create a state authority to help borrowers refinance their student loans at lower interest rates, extend an existing state tax deduction to include student loan payments, and provide additional information and loan counseling to borrowers.

The mandatory counseling will include information on the borrowers» current loan indebtedness, provide estimated loan repayment amounts, describe ways to avoid delinquency and default and provide additional financial aid literacy information.

For applicants that qualify for a PLUS loan after obtaining an endorser, we estimate that, on average, each borrower will require an additional 0.50 hours to complete the enhanced PLUS loan counseling.

We estimate a total increase of 98,336 hours of burden for parent PLUS applicants at private non-profit institutions (56,192 hours for the collection and submission of documentation of existing extenuating circumstances or to obtain an endorser who does not have an adverse credit history, plus an additional 29,030 hours of enhanced counseling for parent applicants who qualify for a loan after demonstrating that extenuating circumstances exist, and an additional 13,114 hours of enhanced counseling for parent applicants who receive a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

We estimate a total increase of 27,755 hours of burden for graduate and professional student PLUS borrowers at public institutions (18,503 hours for the collection and submission of documentation of extenuating circumstances or to obtain an endorser who does not have an adverse credit history plus an additional 6,325 hours of enhanced counseling for borrowers with extenuating circumstances and an additional 2,927 hours of enhanced counseling for the borrowers who receive a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

We estimate a total increase of 50,391 hours of burden for graduate and professional PLUS borrowers at private non-profit institutions (33,594 hours for the collection and submission of documentation of existing extenuating circumstances or to obtain an endorser who does not have an adverse credit history plus an additional 10,712 hours of enhanced counseling for borrowers who received a loan after demonstrating that extenuating circumstances exist and an additional 6,085 hours of enhanced counseling for the borrowers who received a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

We estimate a total increase of 18,340 hours of burden for parent PLUS borrowers at private for - profit institutions (10,480 hours for the collection and submission of documentation of extenuating circumstances or to obtain an endorser who does not have an adverse credit history, plus an additional 5,709 hours of enhanced counseling for parent borrowers who qualify for a loan after demonstrating extenuating circumstances, and an additional 2,151 hours of enhanced counseling for the parent borrowers who received a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

We estimate a total increase of 539 hours of burden for parent PLUS loan applicants at foreign institutions (308 hours for the collection and submission of documentation of extenuating circumstances or to obtain an endorser who does not have an adverse credit history, plus an additional 142 hours for enhanced counseling for parent PLUS loan applicants who qualify for a loan after demonstrating extenuating circumstances and an additional 89 hours of enhanced counseling for applicants who receive a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

We estimate a total increase of 3,640 hours of burden for graduate and professional student borrowers at foreign institutions (2,426 hours for the collection and submission of documentation of extenuating circumstances, or to obtain an endorser who does not have an adverse credit history, plus an additional 753 hours of enhanced counseling for borrowers who qualify for a loan after demonstrating that extenuating circumstances exist, and an additional 461 hours of enhanced counseling for the borrowers who receive a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

We estimate a total increase of 16,477 hours of burden for graduate and professional student PLUS borrowers at private for - profit institutions (10,984 hours for the collection and submission of documentation of existing extenuating circumstances or to obtain an endorser who does not have an adverse credit history, plus an additional 3,804 hours of enhanced counseling for borrowers who qualify for a loan after demonstrating that extenuating circumstances exist, and an additional 1,689 hours of enhanced counseling for the borrowers who receive a loan after obtaining an endorser who does not have an adverse Start Printed Page 63329credit history) under OMB Control Number 1845 - 0129.

We estimate a total increase of 136,569 hours of burden for parent PLUS applicants at public institutions (78,039 hours for the collection and submission of documentation of existing extenuating circumstances or to obtain an endorser who does not have an adverse credit history, plus an additional 43,280 hours of enhanced counseling for parent applicants who qualify for a loan after demonstrating that extenuating circumstances exist, and an additional 15,250 hours of enhanced counseling for parent applicants who received a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

Additional documents you can expect the lender will require you to sign include, a TRID Notice, a uniform residential loan application, a good faith estimate, a truth - in - lending disclosure statement, an acknowledgment of receipt of home ownership counseling notice, home ownership counseling list, an authorization for the social security administration (ssa) to release social security number (ssn) verification, a notice of right to receive a copy of appraisals, authorization to release information, a mortgage brokerage business contract, notice to the home loan applicant credit score information disclosure, affidavit of occupancy, anti-coercion statement, equal credit opportunity act disclosure, flood disaster protection act of 1973 disclosure, mortgage loan origination agreement, patriot act information disclosure, privacy policy disclosure, servicing disclosure statement, IRS Form 4506 - T — Request for Transcript of Tax Return, Florida mortgage brokerage fee agreement, and an informed consumer choice disclosure notice.