What Is Education Debt Management?
With federal student loans, effective education debt management is not the same as the one-size-fits-all, due diligence default prevention requirements dictated by federal regulation. Instead, it is built on the concept that borrowers will respond to what is relevant to their lives—and that “moments of truth” naturally arise in the loan process when borrowers are more open to learning about managing student loan debt because it’s useful at that exact point in time. Rather than bombard borrowers with useful information, but at non-useful times, effective debt management presents the information these borrowers need at the right time and in the most helpful format.
