Inform students, increase awareness and educate on options.
I believe the most important thing an institution can do to prevent default on student loans is to increase awareness from the beginning and stay consistant in educating the student until the end. The student loan is a huge investment and should be treated just like a first time homebuyer. Educate, evaluate and educate more if necessary. I believe all schools should teach "safe debt" in light of our economic times.
Educate the student - make sure they understand everything they are getting into.
educate your students and have them prepared and you will see a successful person.
HavIng a default prevention specialists to assist and educate the students before going into repayment also institution has implemented a default prevention team to help the students.
Establish a permanent team of full time staff to work with students on default prevention. In addition to the entrance and exit loan counseling sessions, offer additional information and awareness sessions about the importance of, and the need to pay back student loans.
Getting a job/career that pays enough to cover the monthly loan payment is obviously important, but the graduate has to realize the consequences of defaulting on the loan even when things get tough. When loans extend for a decade or more, many things can happen that can impact on a person’s ability to pay.
educate the students on the importance of following thru- getting education, finding a job to start your career so you can pay back student loans
usually, a student's school loand begin to come due 6 months after graduation. I think it would be a good idea to have a counselor speak with the student upon graduation and explain what they should be anticipating in 6 months time.
Being open to the students about the negative potiential outcomes of student loans. Encourage students to only take out the amoount needed for their education is key as well!!
Make sure that the student is educated to the best of our ability on student loand and how they work
I think speak with students multiple times throughout their program about student loans and educating them of the importance of staying on top of their loans after graduation is one of the most helpful things that a school can do for their students.
I agree. The more we can offer financial aid literacy while the student is in college the better they understand their loan status.
During our enrollment process here, all students meet with a Tuition Planner to discuss their loans, interest rates, and payment options when they do need to be paid back. Being educated and having a professional answer your questions, I believe, makes a big difference.
Talking to a student making sure they have all the information they need, making sure they are prepared to take on the responsibility of going to school and paying us back.
Our school believes that it is important that the student views their education as an investment in their future. From there, our FA department sets expectations and follows up with each student so that they are aware of their obligations.
One of the most important things we can do is educate our students. We can educate them by providing detailed loan information to each student, their lenders, payment amounts, and other obligations. This would be very helpful in preventing students on defaulting.
We need to make sure that all students understand this process from enrollment to graduation. Educate them on the repayment process on the back end and the importance of repaying the loans.
Our school provides constant awareness with our students and stays in touch to ensure successful repayments. We also work with students that are in default to help them get in good standing so they can continue to complete their education.
Educate it's students. Not only at the time of enrollment and time of exit, but also while they are attending classes. Hold seminars to discuss the importance of paying student loans and keeping students from defaulting.
