The Consumer Financial ProtectionBureau’s forthcoming “Payback Playbook” intends to simplify the student loan repayment process by presenting clear, customized repayment options.
It has been demonstrated amply that financial aid leveraging can, under the right circumstances, increase enrollment and net tuition revenue. For some, however, that isn’t the case.
Financial aid offices that invest time on the major platforms say social media lightens the workload. On a higher level, social networks represent another way to provide students with financial literacy education that can advance institutional goals, including better retention and lower cohort default rates.
Michigan State University
Social experiment: Facebook Photo contest
The idea: To show the positive side of financial aid, Michigan State held a contest that asked students to share a photo of an experience that would not have been possible had they not received aid. Ten students won $500 each.