Mapping Your Future released TEACH (Teacher Education Assistance for College and Higher Education) Grant initial and subsequent counseling, the 17th counseling session in Online Student Loan Counseling (OSLC) on June 30, 2008.
This counseling session provides information about the terms and conditions of a TEACH Grant service agreement, as well as the rights and responsibilities that apply if a grant is converted to a Federal Direct Unsubsidized Stafford Loan. Regulations require TEACH Grant applicants to complete an initial counseling session prior to each grant disbursement. If a student receives more than one TEACH Grant, he or she must complete subsequent counseling. Mapping Your Future's counseling session serves both purposes.
To experience TEACH Grant initial and subsequent counseling from the student perspective, follow these steps:
- Go to the Mapping Your Future home page at MappingYourFuture.org
- Click the "complete Online Student Loan Counseling" link on the left side of the page
- Select "TEACH Grant initial and subsequent counseling"
- Choose Texas as your state
- Select MYF Demo School as your school
Schools that have an existing OSLC account and would like to add TEACH Grant counseling to their participation categories should contact Beth Ziehmer at feedback@mappingyourfuture.org. Schools that don't have an OSLC account should complete the school submission form at mappingyourfuture.org/oslc/schoolsignup.cfm to request participation.
OSLC enables schools and students to meet federal loan counseling requirements conveniently. It also enhances the loan management education of the student by actively involving them in the counseling - making OSLC an important default prevention tool. OSLC can provide busy school staff with an opportunity to spend more time with those students needing assistance in the loan process. It is a free service, provided by the guaranty agencies from around the country that sponsor Mapping Your Future, as well as the Friends that support the organization. All of the counseling sessions are guarantor and lender neutral.
Mapping Your Future offers a variety of OSLC sessions in addition to initial and subsequent counseling, bringing the total number of sessions to 17:
- Stafford entrance (English and Spanish)
- Stafford exit (English and Spanish)
- Perkins entrance
- Perkins exit
- Stafford and Perkins combined entrance
- Stafford and Perkins combined exit
- Nursing entrance
- Nursing exit
- Health Professions Student Loan entrance
- Health Professions Student Loan exit
- Grad PLUS entrance
- Grad PLUS exit
- Stafford and Grad PLUS combined entrance
- Stafford and Grad PLUS combined exit
Based in Round Rock, Texas, Mapping Your Future is a neutral, non-proprietary, and non-commercial national collaborative, public-service organization of the financial aid industry--bringing together the expertise of the industry to provide services online. Since 1996, Mapping Your Future has received a number of awards, including recognition for its excellence in content and innovation in technology services.
Mapping Your Future provides step-by-step instructions on career, college planning and financial aid. In addition, the site offers Online Student Loan Counseling, money management information and tools and online customer service for schools and their students.
Posted 07/01/08 to www.NASFAA.org. Posting of press releases is done as a service to Members and does not imply endorsement or support by NASFAA. NASFAA does not review this information for content or accuracy.
