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Implement best practices for helping students understand, manage debt
Author(s) -
Hope Joan
Publication year - 2015
Publication title -
enrollment management report
Language(s) - English
Resource type - Journals
eISSN - 1945-6263
pISSN - 1094-3757
DOI - 10.1002/emt.30044
Subject(s) - institution , student debt , debt , business , academic institution , financial institution , actuarial science , finance , public relations , economics , political science , management , law
According to a December 2014 study by the Brookings Institution, 62 percent of student borrowers could not accurately estimate how much they owe. Since students will have to pay the money back — or hurt your institution's default rate if they don't — that's a problem for the individual students and for their colleges and universities.