What is financial literacy? Financial literacy is defined as: The ability to read, analyze, manage and communicate about the personal financial conditions affecting material well being. The term is used to describe financial education programs on college campuses and within high schools. The objective of financial literacy programs is to help students better manage their … [Read more...] about Financial Literacy
When the campus Cohort Default Rate is high, not only does it affect your financial well-being; it places a monetary burden on the campus. Responsible Repay helps you lower your Cohort Default Rate by keeping you on track. https://www.responsiblerepay.com/ … [Read more...] about Staying on Track
Take a Break from Payments Both deferments and forbearances give you a break from monthly payments for a set period of time. Many options are available to meet a variety of needs. If you are having difficulty making payments and want to see which options fit your specific situation, log in to your account and click Postpone My Payment to see which deferment or forbearance works … [Read more...] about A Break From Payments
Understanding Default NEVER ignore delinquency or default notices from your loan servicer. If you don’t make your monthly loan payments, you will become delinquent on your student loan and risk going into default. Contact your servicer immediately if you are having trouble making payments or won't be able to pay on time. Learn about federal student loan default: Find out what … [Read more...] about Default
Default Prevention The Missouri Department of Higher Education promotes default prevention and debt management initiatives related to student loan borrowing and repayment. Objectives include increasing the awareness of financing options for postsecondary education, reducing debt among postsecondary students and parents, increasing enrollment retention, reducing loan … [Read more...] about Default