1 / 9

Financial Literacy and College Student Retention

Financial Literacy and College Student Retention. October 21, 2013. Talking Points. What do we know already --Connections points What have we done? - Actions Taken Financial Literacy Webpage One on one counseling 8% rule for loans Default Study.

colm
Download Presentation

Financial Literacy and College Student Retention

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Financial Literacy and College Student Retention October 21, 2013 University of Maryland, college park

  2. Talking Points • What do we know already --Connections points • What have we done? - Actions Taken • Financial Literacy Webpage • One on one counseling • 8% rule for loans • Default Study University of Maryland, college park

  3. Connection- Financial Literacy and Retention • What do we know? • Most decisions revolve around money • Conversation is difficult • Students learn differently • High correlation -- graduation rates and defaults • A little action goes a long way University of Maryland, college park

  4. Actions • What did we do? • Financial Aid Website • One on one counseling • Chat Lines • 8% rule for loans • Default Study University of Maryland, college park

  5. Financial Literacy and Defaults University of Maryland, college park

  6. Default Study University of Maryland, college park

  7. Default Study • Graduation is related to loan defaults: 10% of students who take a loan and never graduate ultimately default on their loans, compared to 3% of loan takers who do graduate University of Maryland, college park

  8. Default Study University of Maryland, college park

  9. Q and A Sarah Bauder Asst. Vice President Office of Student Financial Aid and Enrollment Services University of Maryland sbauder@umd.edu University of Maryland, college park

More Related