Inceptia’s Loan Summary Solution Helps Students Become Knowledgeable Borrowers
Lincoln, Neb. (January 24, 2017) – Inceptia, a division of National Student Loan Program (NSLP), announced today the launch of Loan Summary, a new product that takes a proactive approach to loan repayment through individual student loan summaries and accessible outreach tools.
Loan Summary makes it simple for schools to provide student borrowers with ongoing loan summaries, proactively educating students about details of their loans including how much they’ve borrowed and their estimated monthly payment.
“Many student borrowers either don’t know or incorrectly estimate the amount they have borrowed,” explained Randy Heesacker, NSLP president and CEO. “Loan Summary is an effective, uncomplicated solution that helps schools guide students toward responsible borrowing, successful repayment, and ultimately achieving financial success.”
Loan Summary conducts outreach on behalf of schools, encouraging student borrowers to review their loan details—including all current loans, even those from other schools—via Inceptia’s secure, online student portal, Student Loan Knowledge HQ. With content and design structured to resonate with Millennial and Generation Z borrowers, Student Loan Knowledge HQ is a comprehensive website providing student borrowers with the tools, support and financial knowledge they need to successfully move through the stages of borrowing and loan repayment.
“Loan Summary and the Student Loan Knowledge HQ web portal are part of Inceptia’s holistic approach that positions students and their schools for better repayment outcomes,” said Heesacker.
Inceptia, a division of National Student Loan Program (NSLP), is a nonprofit organization committed to offering effective and uncomplicated solutions in financial aid management, default prevention, and financial education. Our mission is to support schools as they launch brilliant futures for students, armed with the knowledge to become financially responsible citizens. Since 1986, we have helped more than two million students at 5,500 schools reach their higher education dreams. Each year, we help more than 160,000 students learn how to pay for college, borrow wisely, resolve their delinquency issues, and repay their student loan obligations. Our solutions are designed to support student success by helping financial aid administrators maximize resources, so they can spend more time focusing on students. More information at Inceptia.org.