Why Is Education Debt Management Necessary?
The number of students applying for federal aid, the amount of debt students have after graduation, and student loan defaults all continue to rise—making the effective management of education debt more important than ever. In these economic times, and given these sobering trends, teaching students to manage debt and prevent default must be a central mission of any student loan reform policy. By evolving the role of the guarantor to be student support service providers, we can help borrowers make wise consumer decisions throughout the entire student loan process, thereby not just reducing the rate of delinquency and default but also instilling better financial literacy skills in students everywhere. Click here to learn more.
