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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.

 


ResearcherBy avoiding pitfalls and working with their financial aid office, students can make smart borrowing decisions

By avoiding pitfalls and working with their financial aid office, students can make smart borrowing decisions
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Story posted: Aug. 02, 2016

By: Sheena Rice

VIDEO: Relationships, More than Information Alone, Key to Improving Financial Aid Decisions for College Students

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.