1. The NHHEAF Network Organizations’ Campaign for Financial Literacy Presented for: EASFAA Tori BerubeRebecca Palmer Vice President, Product MarketingDirector of Education The NHHEAF Network OrganizationsConsumer Credit Counseling Services of NH/VT May 20, 2008

2. Some Statistics Average credit card debt in America - $9000 (11 cards) NH students have the 2 nd highest student loan debt in the country, on average ($24,800). Only 59%, or roughly 23 million of the young adults in Generation Y, those ages 18-29, pay their bills on time every month. From Clothed, Fed, & Over Their Heads, a recent NHHEAF Network Organizations’ survey of our own borrowers: –The average credit card balance of student borrowers was $3,106. –Consumers carried a higher average credit card balance, averaging $4,433. –82% percent of all college freshmen had at least one open credit card. –42% of college students in the study had 6 or more open credit cards.

3. Consumer Credit Counseling Services of NH/VT a private, not for profit 501(c) 3, United Way- affiliated organization, committed to helping people in New Hampshire and Vermont take charge of their money. members of the National Foundation for Credit Counseling, the nation’s largest and longest-serving non-profit credit counseling network. members of the Better Business Bureau of New Hampshire not affiliated with any governmental agency

4. The NHHEAF Network Organizations comprised of four 501(c) (3) nonprofit organizations that provide New Hampshire students and families with the resources and funding to pursue higher education aspirations New Hampshire Higher Assistance Foundation (NHHEAF) – guarantor New Hampshire Higher Education Loan Corporation (NHHELCO) – lender Granite State Management & Resources (GSMR) – servicer NHHEAF Network Education Foundation (NNEF) – charitable giving administrator

5. The Gap Most college students have little education on financial literacy. –“What’s a FICO?” –Managing a credit card or debit card. Most college students do not make the connection that financial decisions they make today affect their long-term financial goals. –Short-term: Paying rent, car insurance, cell phones, credit cards –Long-term: Mortgages, starting a business, student loans

6. Our Solution! A Partnership with Consumer Credit Counseling Services of NH/VT A certified instructor from CCCS-NH/VT leads any of six sessions and provides support materials for students. Sessions designed to share the fundamentals of financial literacy on college campuses across the state Customizable to meet a school’s needs –Night/day –30 minutes, 60 minutes, 2 hours –Formal v. Informal No charge to school

7. Promoted Throughout Campus Financial Aid Offices Career Services Offices Student Activities Offices Health Services Offices New Student Orientation Residential Life Offices Guest Speaker in Classroom –Freshman Experience –In-services See Our Sample of Marketing Materials!

8. The Six Sessions “Credit Worthy” – Credit For Your Future “Broke Not Broken” – Life After College “Show Me (Where to Put) the Money!” – Keys to Banking “The Very Real Life” – Budgeting for Success “The Freshman Forty” – 40 Money Management Tips Every College Freshman Should Know” “Deter, Detect, Defend” – The Crime of Identity Theft

9. What Tools We Provide A qualified speaker Announcement Posters A raffle prize to encourage attendance Complimentary Materials –My Student Loan Folder –Financial Aid Organizer –“Default Prevention”, “What To Do If You Withdraw from School”, and “Borrow Responsibly” brochures –It’s Not Free Money For College magnets & posters –7 Tips For Keeping Debt in Check note pad –“Life After Graduation” book

10. “Please Share Two or Three Things You Learned During This Class” “Where to get my credit report for free” “To get renter’s insurance” “What a FICO score is and that it ranges from 300 – 850” “The average FICO score in America is 723” “It’s important to pay my bills on-time” “There are three credit bureaus – TransUnion, Experian, Equifax” “Never cancel a credit card because it will lower your FICO score.” “Some ways to avoid identity theft – shred my mail!” “How to opt-out from junk mail and telemarketer’s calls” “That I can call my credit card company and ask them to lower my interest rate” “freecreditreport.com is not FREE!”

11. Thanks For Coming! Becky Palmer bjp@cccs.mv.com (603) 224-6593, x120 Tori Berube tberube@nhstudentloans.org (800)719-0708, x 117