Many students come to college unprepared for the financial responsibility that goes along with attending college. Student debt is now a bigger burden in this country than consumer debt.
Default rates (number of students who went into financial aid repayment divided by number of students who did not pay) are on the increase across the country and everyone is concerned about the increasing loan debt burden on students. Some feel it is indicative of our economic climate and others believe it is due to a lack of understanding on the student’s part about loan responsibilities.
Please see https://studentloans.gov/myDirectLoan/financialAwarenessCounselingLanding.action and sign in before beginning your counseling session.