1. HUECU Graduate Student Loan Repayment Instructions

2. Presentation Objectives  Harvard University Credit Union Overview  Loan Repayment Information  Managing Your Finances  Contact Information

3. About the Credit Union The Harvard University Employees Credit Union is a financial institution exclusively serving the students, alumni, faculty, staff, alumni and students of Harvard University and the affiliated hospitals. Family members are also eligible.  Member Owned Every member is an equal shareholder Volunteer Board of Directors elected by the membership  Safety and Stability Federally insured by the National Credit Union Administration (NCUA)  Cooperative Model All earnings returned to the members in the form of better value and enhanced services. Customers = owners/shareholders

4. Loan Servicer Contact Information  The servicer for the loan is University Accountings Services (UAS).  Your loan repayment information will be sent on behalf of Harvard University Credit Union to the student borrower directly from UAS.

5. Setting Up On-line Access – Loan Info Website: https://loanservice.uasecho.com Step 1: Click on “Create An Account” Step 2 - For individuals with no social security number – select and follow Lender Assigned ID Method: Lending Institution – drop down box – Select “Harvard University Employees Credit Union” Identifier should be Borrower ID, located at top left of Loan Summary Date of Birth of borrower MM/DD/YYYY Borrower Postal code (of address on loan summary) If borrower’s address does not have a zip code, the borrower should try “00000”. If log in attempt fails, contact the servicer for assistance. The servicer may be contacted at 800-723-2210 or 262-780-2000 extension 6917 or via uasloanservice@ncogroup.com Step 3: The Borrower will receive confirmation of enrollment and must await receipt of a confirmation email. Step 4: Upon receipt of the confirmation email, the Borrower clicks on the “Activate Account” link to complete the registration process. The Borrower can now log in and view the account and make/schedule payments.

6. Loan Information  HUECU Graduate Loan Program  Variable Interest Rate based on U.S. Prime rate Changes quarterly if U.S. prime rate changes Interest accrues daily on outstanding principal balance  0.25% rate discount before and during repayment for automated electronic payment  Prior to start of repayment Interest and origination fees capitalize on principal

7. Loan Repayment Information o Repayment begins six months after the student separates from Harvard. o Monthly payment - approx. $90.00 per $10,000 borrowed Estimate based on current variable rate and loan term o Payment is applied to principal & interest o Payment required to be made each month

8. Making Payments  Loan payments need to be made in U.S. dollars  Payment formats: Pay by Mail Pay Online Pay via TravelEx/ Western Union option Enroll in Automatic Payment Option (0.25% rate reduction) Credit card option available ($10 fee)

9. Automated Electronic Payment Immediate Discount  There is a 0.25% rate discount before and during repayment for automated electronic payment  How do you sign up for auto payment discount? Contact loan servicer Go to https://loanservice.uasecho.com where you can view account balances and make a payment 24 hours a day 7 days a week.

10. TravelEx/Western Union  International currency exchange – over 26 different currencies available European, Asian, North America and Middle East  Local transfer of funds from local bank  Lower exchange costs  Visit HUECU website for more information

11. Loan Repayment Timely repayment of your loan is essential to the wellness of the program.  Credit Reporting  Collections and Collection Costs Contact HUECU or UAS immediately if you can’t make regularly scheduled payment. Financial counseling and payment modification available

12. Harvard University Credit Union Loan Repayment Summary  Repayment begins within 6 months  Make payments in U.S. $  Set-up on-line account access  Contact Information 800-723-2210 Or (262) 780-2000 (for calls outside the U.S.) Website: https://loanservice.uasecho.com e-mail: uasloanservice@ncogroup.com

13. Financial Transition Plan  Financial Transition Plan  Managing Your Finances & Enjoying Your Life  Understanding Credit and Credit Scoring  Additional Resources

14. Financial Transition Plan  Know where you are and where you are going Where are you now – financially Income & expenses Savings & debt Interest rates Time available Where do you want to be

15. Goals: Where do you want to be  A realistic goal is $MART (in more ways than one) Specific Measurable Adjustable Relevant Time-related  Be realistic  Can it be done with current or proposed resources and expenses

16. Building A Budget  Determine your income  Prioritize expenses Housing Food Clothing Utilities Transportation Miscellaneous

17. Credit Basics  Credit – Utilizing something now (e.g. education, car or home) and paying for it over a period of time.  3 C’s of Credit Character – How well do you honor your financial obligations Capacity – How easy will it be for you to repay the debt Collateral – Will the loan be secured by something

18. What’s on the Credit Report?  Personal Information Names, current & previous addresses, employers, date of birth  Credit Information Credit granted and history & timeliness of repayment, revolving, installment or open ended, payment patterns for past 7 years  Public Record Information Records found on public documents: bankruptcies, collection accounts, overdue child support  Inquiries List of creditors and agencies who have requested your credit report

19. Who Reviews Your Credit?  Employers  Landlords  Automotive dealers  Professional licensing boards  Insurance companies  Financial lenders  Others

20. Credit Impact: Rates and Payments Credit ScoreAPRMonthly Payment 720-8503.35%$731 690-7194.77%$747 660-6896.82%$770 620-65910.41%$812 590-61915.63%$874 500-58917.02%$892 <500Not eligible Source: Myfico.com – 36 month car loan - $25,000

21. Investing  Time – How long is the money invested  Money – How much you invest  Rate of Return Higher Rate = Higher Risk of Loss

22. BALANCE BALANCE is a financial education and counseling service available as a benefit of credit union membership Money management counseling Debt repayment options Credit report review 888-456-2227 / www.balancepro.net

23. Harvard University Credit Union Loan Repayment Information  UAS Contact Information Customer Service: 800-723-2210 Or (262) 780-2000 extension 1705 (for calls outside the U.S.) Website: https://loanservice.uasecho.com e-mail: uasloanservice@ncogroup.comuasloanservice@ncogroup.com Call or e-mail with any questions about loan.  Sign up for on-line access to UAS system today  Financial Plan: Visit a Harvard University Credit Union Branch office

24. Thank You! Questions? HUECU: 617-495-6640 HUECU_Student_Loans@harvard.edu