# Presentation: 786801

## <date/time>

## Session 41

***Services on the Web for Schools***

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## Web Services

- This session provides information on services available to schools on the Web.
- I represent one guarantor and servicer of FFELP and Alternative Loans, but many other lenders, guarantors, and service providers offer similar services.

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## Entrance and Exit Counseling

- Mapping-Your-Future.org (session #46)
- provides online student loan counseling and related services (free)
- offers students and parents one place on the Web to access general college, career, and financial aid information
- provides accurate, up-to-date counseling and default prevention information
- provides customized school-specific information, as well as electronic confirmation files
- Maintains high level of privacy and security for students and financial aid professionals

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## Entrance and Exit Counseling

- FASTFactsTMThese online student loan counseling products save time for schools and borrowers. Schools can use one or both of the products.

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## FASTFactsTM Entrance and Exit Counseling

- Secure, Web-based counseling
- Schools can:
- Ensure borrowers understand rights and responsibilities regarding student loans
- Meet federal counseling and data collection requirements
- Customize the product and the exams to reflect their own identity

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## Online Award Letters

- FASTAwardsTMThis Web-based product provides students with immediate financial aid award information at their convenience.It is an interactive financial aid award delivery/acceptance tool.Students access FASTAwards from the school’s Web site.

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## FASTAwardsTM

- Schools can:
- Use it separately or in conjunction with FASTFacts
- Customize award offers and student response options
- Post estimated, official, and revised awards
- Collect outside scholarship information

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## Online MPN

- FASTLoans Online MPNTMThis Web-based tool allows student borrowers a quick and easy way to complete the Federal Stafford Loan Master Promissory Note (MPN) online.

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## FASTLoans Online MPNTM

- Provides a secure online Stafford Loan Master Promissory Note with electronic and paper signature options. Borrowers access FASTLoans from the school’s Web site.
- Schools can provide their preferred lender list.
- Borrowers can sign electronically using the Department of Education PIN.

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## PLUS PreApproval

- FASTLoans PLUS PreApprovalTMThis online tool offers parent borrowers the convenience of instant online credit decisions.Schools can:    Receive notification of activity    Promote their preferred lender listParent borrowers can:    Print an application or request to have    one mailed

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## Online Borrower Inquiry

- IBIS (Internet Borrower Inquiry Service)Great Lakes borrower account information is available around the clock.Schools can:    Access live data    Look up application, loan and repayment    information

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## Online Borrower Inquiry

- Meteor (session #43)
- Open online resource serving schools, students, and their familites
- Ability to access timely, student-specific financial aid information from multiple sources. You will receive a list of loans for each student borrower researched.
- Provides a one-step, common, online customer resource for schools
- Enhance ability of participants to provide Web capable products
- Initially providing FFELP information, but will ultimately include Direct Loans, Perkins Loans, PELL Grants, State Grants, and private alternative loans

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## Web-Based School Software

- SCHOLARNET®This is a no-cost, secure, Web-based loan processing system.Schools can:    Use just one product for FFELP and    alternative loan processing.    Send data to any lender, guarantor, or    service provider who receives files in    CommonLine® format.

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## SCHOLARNET®

- Schools can process all application and loan activity
- Instant guaranty capabilities
- Real-time, online change capabilities
- Customized report options

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## mygreatlakes.com

- All of the Web services offered by Great Lakes to schools are available from our new Web site, mygreatlakes.com. From the home page, click on the Schools Channel!

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## Putting it all Together

- Student

- School

- ServiceProvider

- Sent E-Award

- Accepts

- Completes online entrance counseling

- Online MPN

- Certifies app/loan electronically with SN

- Loans disbursed

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## Tech Slide

- We appreciate your feedback and comments.  We can be reached:
- Bill Horn
- 		Phone:	888-895-4474
- 		Fax:	888-895-6630
- 		Email:	whorn@glhec.org

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