student handbook - Baton Rouge Community College

Appendix L – Default Prevention and ManagementA Plan for Student and School SuccessOverviewSection I- Early Stages of EnrollmentSection II- Late Stages of EnrollmentSection III- After Students Leave SchoolSection IV- Enhanced Entrance and Exit CounselingSection V- Tools and Activities for SchoolsOverviewBRCC is committed to promoting studentsuccess by helping our students learn, graduate,obtain employment, and demonstrate financialresponsibility through repayment of the funds theyborrow to finance their education. An in-depthplan, structured with the student in mind, is keyto ensuring that the college’s default preventionand management goals are met. These are themeasures and the tools used to promote student and school success byincreasing retention and reducing student loan delinquency/default.There are five facets of the plan.1. Early Stages of Enrollment2. Late Stages of Enrollment3. After Students Leave School4. Enhanced Entrance and Exit Counseling5. Tools and Activities for SchoolsSection I- Early Stages of EnrollmentEntrance CounselingBRCC requires first time borrowers of the William D. Ford Direct Loanprogram to participate in entrance counseling. During online entrancecounseling, students receive information explaining how the masterpromissory note works, emphasizing the importance of repaying theloan, describing the consequences of default, and showing borrowerssample monthly repayment amounts based on their program ofstudy. BRCC entrance counseling includes financial literacy to ensure87