
Colorado State University Global
4 YEAR PUBLIC Colorado State University Global Impact Snapshot: 45,000
How important is student enrollment to your school? For certain institutions, it’s life or death. For others, it’s a recent phenomenon due to current economic trends. Regardless, it’s in your President’s wheelhouse and would be a benefit to be on your radar as well. Recent reports show that students cite financial difficulties as the primary reason for withdrawing from school. Financial literacy programs are key to helping retain those students.
Here are three easy ways to affect retention through financial literacy without busting your budget.
1. Interpret the Investment
Help students understand the financial commitment they are undertaking with 4 calculations:
A student can then determine if the loan debt is worth the investment, or the beginning of a financial grave. It is most-commonly recommended to limit the debt-to-income ratio to 10% or less.
2. Build the Budget
Guide your students to create a customized personal budget to adhere to during college. It will not only keep lifestyle expectations realistic while in school, but will also help establish healthy financial habits that can be transferred to life after college.
3. Complement the Counseling
Since federal regulations already require loan borrowers to complete Entrance and Exit Counseling, supplement those communications with financial literacy information. Strongly encouraging loan borrowers to watch a video session on money management can help provide a foundation for future financial success!
4 YEAR PUBLIC Colorado State University Global Impact Snapshot: 45,000
The Free Application for Federal Student Aid (FAFSA) is a critical step for students in the college application process. However, the application can be complicated and daunting, especially for low-income families. The FAFSA Simplification Act aims to change that. In this blog post, we will explore the FAFSA Simplification Act, what it entails, and the benefits that come with it.
Financial aid staff play a pivotal role in helping students navigate the complex and often stressful terrain of college financing to achieve their educational goals. That being said, the most important communications they’ll send this year will be about FAFSA Simplification! Here’s what to send and how to prepare!
Students today expect colleges and universities to accommodate their always-on, digital lifestyles. And institutions of higher education (IHEs) are seeking innovative ways to improve student retention and engagement. The thing is, these two facts are closely connected! Colleges and universities at the forefront of innovation are realizing that the path to retention and engagement is through AI-powered solutions.
Discover how one California Community College leveraged both Ocelot Chatbot and Two-Way Text to increase student engagement.