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Great Lakes Free Training Webinars for February

02 Feb 2015 9:56 AM | Deleted user

February 2015 Webinar Sessions and Descriptions


(Revised Title)  An Exploration of the 150% Direct Subsidized Loan Limit

Category: Program Administration

There is now a limitation on the period for which a borrower may receive a Direct Subsidized Loan. Join us as we take an exploration of the 150% Loan Limit. We will show you how to correctly calculate the maximum eligibility period and subsidized usage period.  We will also review what happens borrowers lose their interest subsidy benefits and helpful ways you can educate them of the changes. 


Specific topics covered include:

·         Understanding the maximum eligibility period

·         Examining loss of eligibility 

·         Exploring ways to educate your borrowers


Presenters:   Jamie Malone (internal SME) and Michiale Schneider

Date: February 2 at 3 p.m. Eastern Standard Time

(NEW) Embracing Your New Leadership Role – Plans, Tips, and Perspectives

Category: Professional Development


  • Are you new to leadership and wonder what to expect in your new role?  Since leadership is not just a one size fits all opportunity it's important to understand what you should or should not do during the transition period.  This session aims to share common tips derived from other leaders within the financial aid community that transcends through multiple levels of the leadership hierarchy that will assist you in being an effective, well-rounded leader.

Topics to be discussed:

  • ·         Common tips for transitioning leaders

  • ·         Unveiling of new challenges

  • ·         The  90-day plan of a new role


Presenters: Keyimani Alford and Michiale Schneider

February 4 at 3:00 p.m. Eastern Standard Time

February 17 at 12:00 p.m. Eastern Standard Time

(NEW)  Who’s Defaulting and Why: An In-depth Look at the Root of Loan Default

Category: Default Management


Borrowers default because they don’t pay—they don’t’ pay because their payments are unaffordable.  However, unaffordability is one of the many reasons why borrowers struggle in repayment.  There are others.  We’ve identified who’s defaulting and why so that you can better understand which borrowers may have problems in repayment.  We’ll also show you how to gather your own findings so that you can develop more targeted interventions.   Getting to the root of loan default is the key that can move the needle on your rate and help the borrowers you serve.

  •  Topics to be discussed:

  • ·         An examination of loan defaulters

  • ·         How and where to identify school-specific data

  • ·         How to create targeted default prevention initiatives—using your data to develop a plan

Presenters:  Roger Eldridge (internal SME) and Tasha McDaniel

February 11 at 3:00 p.m. Eastern Standard Time

Identity Theft: Help Students Avoid this Epidemic

Category: Financial Wellness

Every minute approximately 19 people fall victim to identity theft. Do you know how to help your students avoid this epidemic?   Identify theft is the fastest growing crime in America and young people between the ages of 18-24 are the most likely to be affected.  But there are ways that your students can proactively protect themselves. This webinar will show you how you can inform and counsel your students so they can protect themselves from identity thieves and potential scams.


Specific topics covered include:

  • Types of identity theft
  • How identity theft occurs
  • Impact of identity theft on victims

  • ·         Techniques for prevention


Presenters: Michiale Schneider and Tasha McDaniel


February 3 at 12 p.m. Eastern Standard Time

Dependency Status Dilemmas
Category: Program Administration

Are your students confused about how to answer dependency questions on the FAFSA? When should you consider a dependency override? We'll review ways to help your students while maintaining compliance.

Specific topics covered include:

  • Does a student's self-sufficiency make them independent?
  • How does the IRS definition of a "dependent" differ from the FAFSA?
  • Who is considered to be a "Homeless Unaccompanied Youth?"


Presenters: Michiale Schneider and Keyimani Alford


February 3 at 3 p.m. Eastern Standard Time

February 5 at 12 p.m. Eastern Standard Time


Financial Literacy: What You Need to Know to Educate Your Students

Category: Financial Wellness

Financial education helps student’s make wise decisions about money and credit.  You can create and tailor your own financial literacy programs by mastering basic concepts. This train-the-trainer session will give you all of the essentials you need to provide financial education to your students. You’ll be able to take what you’ve learned and create your own presentation to educate your students so that they make wise financial choices both during school and after graduation.

Specific topics covered include:

  • How credit scores are generated
  • How different types of loans – including student loans—impact credit history
  • How to craft your own program


Presenters:  Michiale Schneider and Tasha McDaniel

February 4 at 12:00 p.m. Eastern Standard Time

February 10 at 3:00 p.m. Eastern Standard Time

Verification: Four Simple Steps to Completion

Category: Program Administration

Get the right dollars to the right students, on time. We’ll show you the easiest steps to completing verification based on recent policy changes and review common issues that arise.

Specific topics covered include:

  • Determining who needs to be verified
  • Reviewing required documentation
  • Resolving conflicting information
  • How to understand IRS transcripts – and when to ask for more information
  • Making corrections

Presenters:  Keyimani Alford and Michiale Schneider


February 10 at 12:00 p.m. Eastern Standard Time

Professional Judgment Perplexities

Category: Program Administration

Professional Judgment is helps you target funds to students with exceptional need. But Professional Judgment principles must be applied wisely and responsibly in order to be effective and compliant. 

This participatory session reviews complex case studies to show how you can help students get the aid they need by making adjustments to either the expected family contribution (EFC) or the student’s cost of attendance.


Specific topics covered include:

  • Why and when to use professional judgment
  • Permissible actions and required documentation
  • Common scenarios – loss of income, changes in assets, extraordinary expenses
  • Dependency override
  • Maintaining a professional judgment policy


Presenters:  Michiale Schneider and Keyimani Alford


February 12 at 3:00 p.m. Eastern Standard Time

Anatomy of a Cohort Default Rate

Category: Default Management

Have you ever dissected your cohort default rate?  Attend this session to learn what factors and circumstances affect your default rate. Do you know what factors and circumstances affect your rate? Things to consider include defaulted loans from students who attended multiple schools, the timing of deferments, and the impact of loan consolidation and rehabilitation. This session will review all of these situations so you can better understand your rate and help your borrowers.


Specific topics covered include:

  • How the Department calculates cohort default rates
  • Timing of loan default
  • The impact of consolidation, deferments, and forbearance on CDRs
  • Special circumstances that could be included in the cohort default rate calculation
  • When and how are CDRs sent to schools

Presenters:  Tasha McDaniel and Michiale Schneider


February 17 at 3:00 p.m. Eastern Standard Time


Decoding CDR Reports and Correcting Data

Category: Default Management


Draft Cohort Default Rates are due to be released in February. Do you know how to review your report for accuracy? Learn how you can review CDR reports and when to challenge, appeal and adjust to ensure your school’s rate is an accurate reflection of your borrower’s experience in repayment.


Specific topics covered include:

·         The Cohort Default Rate (CDR) cycle

·         Challenges, Adjustment and Appeals

·         Common appeal errors to avoid

Presenters:  Tasha McDaniel and Michiale Schneider


February 18 at 3:00 p.m. Eastern Standard Time

February 26 at 12:00 p.m. Eastern Standard Time


Tax Filing Rules: What Financial Aid Administrators Need to Know

Category: Program Administration

Get a refresher on tax filing rules in advance of the 2015-16 verification cycle to better identify and resolve issues during the file review process. This webinar will take you through tax rules to ensure the data elements used to calculate the expected family contribution are correct.


Specific topics covered include:

  • IRS filing guidelines and thresholds
  • Comparing filing status to FAFSA results

  • ·         Tax filing status and verification processes


Presenters:  Michiale Schneider and Keyimani Alford


February 19 at 3:00 p.m. Eastern Standard Time

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