USA Funds Student Loan Transition Guide Offers Online Exit Counseling

USA Funds Student Loan Transition Guide^SM, USA Funds^®’ online exit-counseling tool for undergraduate students, is the latest module within the USA Funds Loan Counselor^SM product. USA Funds introduced the online entrance-counseling component, USA Funds Stafford Loan Guide^SM, last year.

USA Funds Student Loan Transition Guide covers seven topics related to education loans:

1. Student-loan summary.
2. Student-loan terms and players.
3. Repayment.
4. Consolidation.
5. Rights and responsibilities.
6. Default.
7. Managing your student loans.

USA Funds Student Loan Transition Guide imports loan data from Meteor, including information about Federal Family Education Loan Program and private-credit loans, and displays the data in a way that helps borrowers understand their student-loan indebtedness.

Benefits to students

• Meteor, a Web-based universal-access channel for financial-aid information aggregated from multiple data sources across the country, provides the education-loan data.
• Students can add to their data loans not previously included from Meteor.
• Loan-repayment and consolidation models allow borrowers to evaluate their options.
• Streaming video vignettes present to students real life “testimonials” about common student-loan issues.
• Students can use their current OpenNet, Manage Your Loans or USA Funds Stafford Loan Guide login user IDs and passwords.

Benefits to schools

• Schools can customize USA Funds Student Loan Transition Guide to fit their audiences, including custom questions, custom reinforcement messages and co-branding.
• Schools can download individual reports for each Social Security number or a report listing all borrowers who complete USA Funds Student Loan Transition Guide counseling.

USA Funds is piloting USA Funds Student Loan Transition Guide with USA Funds’ school-customers until early summer. If you are interested in learning about how USA Funds Student Loan Transition Guide can benefit you and your students, contact your USA Funds Services account executive.