Financial Aid

Requirements for financial literacy education

Help students and schools keep costs in check

Kris Alban, Vice President of iGrad

​What trends related to financial literacy are emerging?
Financial literacy will likely become a mandatory initiative for colleges in the near future. We expect the next higher ed reauthorization to require financial literacy initiatives for student loan borrowers. Many students taking out loans right now don’t understand enough about what they’re getting into. They often borrow amounts that far exceed the earning potential for their chosen field of study.

Developing A Holistic Approach to Student Loan Debt Management

Implementing a comprehensive financial literacy program on campus contributes to student success

USA Funds and Truckee Meadows Community College in Nevada have partnered to promote a holistic approach to student loan debt management. The partnership has included implementing a financial literacy curriculum and peer counselors for TMCC students, communicating to student loan borrowers to promote successful loan repayment, applying analytics to better target outreach to borrowers, and launching an institution-wide “college completion” summit.

Increasing the value proposition of higher education is a must for institutional success

Focus on the future by creating positive student perceptions, using technology and budget dollars wisely, and addressing the impact of rising tuition costs

What are the main concerns students and the community have concerning the affordability of higher education?
There are two major concerns that seem to be the most popular worries of students and the general public.

Lauren Williams's picture

TG Financial Literacy Program

This program provides materials that allow college financial aid offices to develop high-quality financial literacy training events with minimal effort. The program’s mini-modules present material in small chunks of content on a wide range of topics, including managing credit, saving and investing, building spending plans, understanding employee compensation and meeting college costs.

Lynn Russo Whylly's picture

GW misrepresented admissions and financial aid policy for years

The George Washington University admitted publicly that it puts hundreds of undergraduate applicants on its waitlist each year because they cannot pay GW's tuition. Administrators now say the admissions process has always factored in financial need. But that contradicts messaging from the admissions and financial aid offices that have regularly attested that the university remained need-blind.

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Lynn Russo Whylly's picture

University of Nevada, Reno launches financial literacy program

In an effort to boost students’ financial prowess, the University of Nevada, Reno has implemented a free online program called SALT. It was designed by American Student Assistance to make students and recent alumni more financially savvy.

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