Read the latest articles and updates from and about Salt®, and register for an upcoming event.
Posted on: March 10, 2017
Nearly 90% of young workers say they’d stay with a company for at least 5 years if their employer helped pay student loans. “If employers want to set themselves apart in order to attract and retain the best talent, they should start considering offering student loan assistance,” says Julie Ryder Lammers, director of consumer advocacy for ASA.
Posted on: March 9, 2017
Due diligence ahead of “decision day” might include practical measures, like making another visit to campus. It should also include a thorough assessment of the aid offer, said Kevin Fudge, director of consumer advocacy for ASA. Here is what you need to know to better understand your financial aid letter.
Posted on: March 8, 2017
As winter melts into spring, some college students are already looking further ahead – toward summer. That’s because if you plan to enroll in a summer session, now is the time to prepare. And that means studying up on your school’s financial aid rules.
Posted on: March 6, 2017
By May 1, high school seniors nationwide will have to decide where they want to attend college and send in their deposit. Not long after, they’ll be hit with the first full bill for their education. And many will need their parents to co-sign on a private student loan, but a new survey shows that many parents don’t fully understand the consequences.
Posted on: March 2, 2017
We’ve received dozens of questions the past few weeks regarding tax refund garnishment. Check out these questions from real borrowers and our answers to help provide clarity on this hot topic.
Posted on: February 22, 2017
States are stepping up to address student debt in new and creative ways. Several states have programs offering residents partial or full student loan reimbursment if they agree to live and work in certain areas. Learn more in this week’s US News Student Loan Ranger blog.
Posted on: February 8, 2017
Debt-swamped grads are getting swindled by loan-relief con artists on social media. The more people who know they don’t need to pay to get federal student loan repayment options, the less effective these scams will be.
Posted on: January 26, 2017
the free-college movement sparked so much interest during the presidential campaign, with both Democratic candidates proposing tuition-free or debt-free public college. Stymied on the federal front, it looks like the free-college initiative will go back to individual states.
Posted on: January 24, 2017
This month’s changing of the guard in Washington, D.C. sets the stage for lawmakers to tackle a number of higher education financing issues, whether through the stalled reauthorization of the Higher Education Act, stand alone bills or the reversal of regulations enacted during President Obama’s time in office. Here’s our wish list of executive and legislative priorities in the best interest of the higher education consumer.
Posted on: January 23, 2017
People 18 to 39 still make up the vast majority of student loan borrowers, but since 2005 the number of consumers over 60 with outstanding college debt has quadrupled.
Posted on: January 20, 2017
The U.S. Consumer Financial Protection Bureau is suing Navient Corp., the nation’s largest student loan servicer. Here’s what you need to know if Navient is your student loan servicer.
Posted on: January 19, 2017
What should you do if your first-choice school offered you significantly less grants and scholarships – and a lot more student loans – than you anticipated? Should you still attend? Here’s what we think.
Posted on: January 18, 2017
“The Department of Education has made significant steps to protect victims of predatory schools and we hope that this continues to be a priority during the next Administration,” said ASA’s Betsy Mayotte.
Posted on: January 13, 2017
There’s no easy answer when your kids’ education, your own financial future, and your home are at stake. Think through these factors to help you decide what to do.
Posted on: January 11, 2017
According to the most recent data 44.4 million Americans carry a student loan debt and about 11% are delinquent. Created by American Student Assistance (ASA), Salt’s program teaches current and incoming students how loans work, how to repay them, and all the budgeting skills they’ll need to avoid crushing debt.
Posted on: December 15, 2016
The Department of Education announced it was denying the Accrediting Council for Independent Colleges and Schools’ appeal to overturn the department’s September decision to cease recognition of the agency. If your school recently lost its accreditation, here is what you need to know about how your student loans are affected.
Posted on: December 13, 2016
Read Elijah’s story, and see how ASA’s College Planning Center at the Boston Public Library helped calm his nerves when it came to applying for college.
Posted on: December 9, 2016
As part of The White House Student Debt Challenge, we have proudly surpassed our pledge and have reached over 1.2 million borrowers, educating them on their income-driven student loan repayment options! Congratulations to Alverno College, our first partner school to recieve a scholarship to one of their deserving students!
Posted on: December 6, 2016
It’s easy to drown in the financial details of student loan repayment. Here are 12 rules of repayment from two student loan experts: ASA’s Betsy Mayotte, director of consumer outreach and Craig Lemoine, program director for the American College of Financial Services.
Posted on: December 2, 2016
“Many students just borrow loans without thinking about what the payments will look like, what their job prospects will be, and how they will handle their finances in the future,” said Betsy Mayotte, ASA’s director of consumer outreach.
Posted on: November 16, 2016
With so much still unknown and to be worked out during the transition over the next few months, it’s too soon to tell what student loan borrowers can expect. But here are a few items that could be possible priorities in a Trump presidency and Republican-controlled Congress.
Posted on: November 10, 2016
Throughout November, we’re celebrating servicemembers and veterans. We’re showcasing the unique ways they can fund (or repay) their college educations to lessen their financial burden in achieving their goals. Read these three personal accounts.
Posted on: November 3, 2016
The Department of Education published the final version of the borrower defense to repayment regulations. These regulations are intended to both help borrowers who have been defrauded by their schools receive relief on their federal student loan debt and try to ensure that the federal taxpayer isn’t on the hook for it.
Posted on: October 27, 2016
ASA and a number of our partner schools are proud to have taken the The White House Student Debt Challenge pledge to educate more borrowers of their income-driven repayment options.
Posted on: October 24, 2016
The key to managing student debt is not just to find the right option for you right now, but to create a long-term plan that will allow you to be debt free in the least amount of time, while spending the least amount of money.
Posted on: October 21, 2016
When one of the country’s largest for-profit college chains closed last month, it caught more than 500 students in Massachusetts off guard and left many of them with piles of debt, no degree, and few options for how to proceed.
Posted on: October 20, 2016
ASA recently celebrated the reopening of the newly renovated College Planning Center at the Boston Public Library. The renovated space will provide more than 4,000 students and families annually with guidance on choosing a college, applying for financial aid and scholarships, managing money and selecting a major or a career.
Posted on: October 19, 2016
As the youngest and fastest growing population in the United States today, ASA realizes Latinos are essential to the future of our economy, and we were honored to receive this recent award by the Hispanic Association of Colleges and Universities
Posted on: October 13, 2016
With the help of Salt, ASA’s financial literacy program, Lane Community College has seen its Cohort Default Rate (CDR) drops over 5%. Other American colleges are following suit.
Posted on: October 7, 2016
While the final outcome of these different student loan-related bills is unclear, a few common issues have arisen, including streamlining regulations imposed on higher education institutions, increasing transparency for college costs, simplifying loan repayment programs and discussing free or debt-free college.
Posted on: October 6, 2016
Grand Rapids Community College has partnered with, Salt, a financial literacy program to help students pay and plan ways of defeating financial barriers throughout college.
Posted on: October 3, 2016
This year, for the first time, students and parents can begin the financial aid application process as early as October, three months earlier than in previous years. The Free Application for Federal Student Aid, the first step in applying for state and federal financial aid, is now available beginning October 1.
Posted on: September 28, 2016
The Consumer Financial Protection Bureau told NBC News it’s seen an increase in the number of companies that charge large upfront fees to get borrowers into government debt relief plans they could sign up for on their own - for free. Learn more about how to avoid these so-called debt relief companies.
Posted on: September 26, 2016
It’s an uneasy time for students of for-profit colleges. Mass school closures have dominated the headlines recently, and more uncertainty is on the way: The Department of Education said Thursday it will no longer recognize the Accrediting Council for Independent Colleges and Schools, the largest accreditor of these colleges. ”It illustrates the importance for students to be wise consumers,” says Kevin Fudge, ASA’s director of consumer advocacy and ombudsman.
Posted on: September 22, 2016
Salt® is pleased to announce a partnership with the American Indian College Fund (the College Fund) to support tribal colleges and universities nationwide in offering money management advice, personalized student loan help, and straightforward budgeting tools freeof-charge to students and alumni.
Posted on: September 21, 2016
When you’re a college student living away from home, managing your money can be a constant challenge. For starters, you probably don’t have much to manage. Making sure you don’t run out of money starts with knowing where your money is going and prioritizing your spending. Yes, that means having a budget.
Posted on: September 20, 2016
The Hispanic Association of Colleges and Universities (HACU) Annual Conference will celebrate “30 Years of Championing Hispanic Higher Education Success” Oct. 8-10, 2016, where ASA will be named Outstanding HACU Private Sector Partner for outstanding leadership and support of HACU’s mission.
Posted on: September 16, 2016
Although New England has the lowest student loan default rate of any region in the country, low-income, first-generation, and minority students struggle disproportionately to repay their debt, according to a new report by the Federal Reserve Bank of Boston.
Posted on: September 6, 2016
If your college abruptly shuts down amid investigations—as ITT Technical Institutes announced it was doing today—your student loans won’t necessarily be canceled, student debt experts warn. If you believe you might be a candidate for student loan cancellation, here’s what you need to know.
Posted on: August 31, 2016
Salt® is pleased to announce partnerships with Madison Area Technical College, University of St. Thomas, Texas State University and William Peace University to provide financial education, support and student loan counseling free-of-charge to students and alumni.
Posted on: August 24, 2016
Former Howard University Salt Ambassador, Andrew Brown, discusses how his financial education is just as important as his academic education. “As a recent 2016 graduate, I know the challenges that come with carrying student debt. I currently face $60,000 in student loans,” said Brown. ”But I am not afraid.”
Posted on: August 5, 2016
The amount of higher education debt in the U.S. is scary: More than 43 million Americans owe $1.3 trillion in student loans. Even scarier: Many of them don’t understand how their loans work before they decide to get one.
Posted on: July 21, 2016
As he prepared to retire this month, Paul C. Combe, longtime president and chief executive of American Student Assistance, he reflects on burdensome student debt. Problems that lead to loan delinquency often stem from a lack of information, he notes, coupled with borrowers’ fear of contact with anyone who might help them.
Posted on: June 21, 2016
A Grand Rapids Community College honors student received $10,000 in scholarships after entering a sweepstakes sponsored by Salt. The sweepstakes, Share Your Way To $10K, invited students and alumni to share their financial success stories with their peers in an effort to pay-it-forward.
Posted on: May 19, 2016
Today, ASA announced the retirement of President and CEO Paul Combe after 20 years of service to the organization. Effective July 15, 2016, John Zurick, ASA executive vice president and president of ASA’s consumer literacy program “SALT®,” will succeed Combe as president and CEO of ASA.
Posted on: April 29, 2016
As part of the White House Student Debt Challenge, American Student Assistance has committed to spreading the word about federal student loan income driven repayment (IDR) options to at least 1 million borrowers before the end of 2016. In cooperation with partners in its SALT® financial literacy program for education consumers, ASA will spread the word about IDR with a particular emphasis on borrowers over the age of 40.
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