Relationships, More than Information Alone, Key to Improving Financial Aid Decisions for College Students
University of Missouri average debt load is nearly $10,000 less than the national average.
By avoiding pitfalls and working with their financial aid office, students can make smart borrowing decisions
Download photo from the MU News Bureau
Story posted: Aug. 02, 2016
By: Sheena Rice
COLUMBIA, Mo. –Experts are concerned that college students are making ill-informed student loan decisions with potentially negative consequences to themselves and the economy. As a result, universities are trying to ‘think outside the box’ to find ways to reduce undergraduate borrowing and help assist students in making better financial choices. At the University of Missouri, initiatives within the financial aid office, backed by new research from the Truman School of Public Affairs, are showing that establishing relationships, more than merely providing information, is important when helping students make better financial decisions.