Default Aversion & Debt Management
At Pellissippi State, we do our best to ensure our students graduate in healthy financial shape.
If you’ve had to take out a loan to attend college, our Default Aversion team can work with you to help you better understand how loans work, your repayment options, how to avoid delinquency and the consequences of defaulting.
If you don’t know when your loan will become due, or if you’re worried that you may not be able to make your next payment, contact us.
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.
The Tennessee Department of Labor and Workforce Development is proud to roll out its Career Coaches—a 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. Check when the Career Coach will be in your area. For more Tennessee Career information and job search log on to Jobs4tn.gov.
Repayment: What to Expect
Are you unsure about the loan repayment process or wondering when you need to begin making loan payments? Check out this video to learn about what to expect when your federal student loan enters repayment. Visit StudentAid.gov/repay to learn more.
Income-Driven Repayment Plans...Is One Right for You?
Every borrower’s situation is unique, and in some situations, a standard federal student loan repayment plan isn’t the best option. Income-driven repayment plans can help borrower’s lower their payments based on income, family size, and student loan balance. They can also help prevent delinquency and default. View the different repayment options available.
Even if Nelnet is not your loan servicer, they have created a step-by-step guide on how to apply for income-driven repayments plans on the Federal Student Aid’s website. Download the guide and get started on the road to repayment success!
Successfully Managing Your Student Loans
This site is your source for information from the U.S. Department of Education about how to manage your student loans. It provides the following information:
- Complete Counseling
- Complete Master Promissory Note
- Request a Direct PLUS Loan
- Complete Direct Consolidation Loan Application and Promissory Note
- Complete IBR/Pay As You Earn/ICR Repayment Plan Request
- Repayment Estimator – This tool uses your loan information from National Student Loan Data System (NSLDS) to estimate
- initial monthly payments
- repayment plan eligibility
- repayment plan cost comparison
- total interest paid
Need to Contact Your Loan Servicer?
Financial Literacy Library
Pellissippi State Community College endeavors to provide our students with financial literacy information in order to assist students with making sound financial decisions. Below you will find a wealth of information to guide you in the right direction and avoid any adverse effects. The Financial Aid Office is always available to assist you with any questions or concerns. You may also visit our Default Aversion Unit’s page for more information.
General Scholarship Search Tool
Listing of available national scholarships
General Financial Aid Information
National Student Guide to Financial Aid
National Student Loan Data System
Review your student loan debt
Department of Education Information
Find out about government education initiatives