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Supplement Your Entrance Counseling — But Heed Guidelines
Thinking of supplementing the required entrance counseling for some or all of your first-time student loan borrowers, but not sure you’re adhering to recently issued federal guidance? You can supplement the minimum requirements for entrance counseling for all student-borrowers who have not yet completed loan counseling at your school or another school. You even can…
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Success Stories
Motivating and Motivated: OSUIT Lowers Rates for Borrowing, Defaulting
Like other two-year colleges and universities, my school — Oklahoma State University Institute of Technology — has grappled with the problem of student loan default and has developed a default prevention program. OSUIT’s 2010 cohort default rate was just over 30 percent, symbolic of a student body that had not been managing its financial decisions…
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Best Practices
Default Prevention Checklist: August
Whether you’re introducing debt management concepts to new borrowers or reinforcing those messages with grace period borrowers, opportunities to promote default prevention are plentiful in August. Include these items on your default prevention to-do list for this month: Counsel, counsel, counsel. If you’ve got students who are leaving your school after the summer, now’s the…
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