Rising student debt and lack of financial literacy among college students are issues of growing concern to higher ed leaders, particularly those focused on non-academic drivers of student success.
USA Funds and Truckee Meadows Community College in Nevada have worked in partnership to promote a holistic approach to student loan debt management.
Are your payment plan options clear, and consistent with your policies, processes and procedures? Do your Financial Aid students have to jump through hoops to cover their Financial Aid shortfalls? Or, are they creating tuition refund situations by dropping classes and running off with “their” money?
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Student loan default isn’t strictly a student issue or a financial aid issue; it affects everything from enrollment to graduation rates.