Default Aversion Unit
At Pellissippi State Community College, the Default Aversion Unit (DAU) has one focus: to assist students who have federal student loans avoid delinquency and the consequences of default. Our mission is to provide students with information to better understand loan basics, repayment options, and financial literacy. Don’t know when your loan will become due? Worried that you cannot make your next monthly payment? Don’t know who to contact? The DAU team can provide you with servicer contact information, help you determine the next step, and if necessary, work with your loan servicer. Whether you are a current student with a concern or question about loan repayment or you are a former student experiencing some difficulties repaying your loan, WE CAN HELP YOU!
Determining Your Affordable Debt Level
The U.S. Department of Labor Occupational Outlook Handbook will give you information on anticipated earnings for a wide variety of professions. Based upon your anticipated earnings, charts are provided to advise you on the maximum amount of student loan debt which would be considered “manageable”.
The Department of Education enters into a contract with a servicers to service federal student loans. The Department assigns the loans to a servicer, and you are not able to select or change who services your loans. If you are not sure who your servicer is, you can access all of your federal student loan data at nslds.ed.gov.
PSCC Hosted Financial Literacy Webinars
We are pleased to be partnering with Nelnet to host a variety of webinar series each Monday at 2:00 p.m. and 4:30 p.m., and 11:30 pm (ET). The topic for November and December is Understanding Credit Cards. Learn about the good and bad of credit cards. Credit cards can help, but they also have many pitfalls if you aren’t careful. Join us and find out how to manage your credit cards and avoid piling on debt. This session will last approximately 40 minutes.
PSCC Placement Office
The Placement Office serves our Pellissippi State students and the community through access to employment opportunities and preparing students for entering the workforce. We strive to bring our graduates and co-op students together with employers in order to meet the needs of each. http://www.pstcc.edu/placement/index.php
The Tennessee Department of Labor and Workforce Development is proud to roll out its Career Coaches...mobile center with services similar to what you might find in a Tennessee Career Center. These vehicles will arrive on the scene to provide a mobile computer lab and Internet access; create a venue for workshops including resume assistance and interviewing skills; and serve as a recruitment center for companies moving into our state. To check when the Career Coach will be in your area go to www.getonthecoach.tn.gov. For more Tennessee Career information and job search log on to Jobs4tn.gov.
Public Service Loan Forgiveness
Considering a career in Public Service?
You may qualify for forgiveness of any remaining balance on your eligible federal student loans thanks to the Public Service Loan Forgiveness (PSLF) Program.
This program was created by Congress to encourage individuals to enter and continue to work full-time in public service jobs. Under the Public Service Loan Forgiveness (PSLF) program, borrowers may qualify for forgiveness of the remaining balance due on their eligible federal student loans after they have made 120 payments on those loans under certain repayment plans while employed full-time by certain public service employers.
Interested? Review the requirements of the Public Service Loan Forgiveness (PSLF) Program at MyFedLoan.org/PSLF today to learn more!
Here are the most frequent questions we are asked. If you have a question, please do not hesitate to contact us using the information below.
For more information, please visit our Financial Literacy section.
Default Aversion Unit Contact
10915 Hardin Valley Road
P.O. Box 22990
Knoxville, TN 37933-0990