NATIONAL GRADUATION RATE:2
Study after study has shown the incredible boost in earnings that accompanies a college degree. But according to a 2011 Pew Research report, about half the students who leave before graduation do it because they can’t manage the financial side of college.3 Every point short of a 100% graduation rate represents dozens of students who won’t see the benefits of a degree. That’s why the national nonprofit ASA created SALT™. This comprehensive financial education and responsible borrowing program changes the relationship students have with their loans by giving them the knowledge and confidence to make smart borrowing decisions every step of the way–including after graduation. When students have a plan for financing their education, they’ll feel the money they owe for their degree is worth every cent.
Money 101: The Importance Of Teaching Students To Manage Their Finance
"...So rather than lament the impact of student loan debt, let's look at the realities of paying for college as an opportunity to give our students a complete education - by teaching them how to pay for one..."
The realities of paying for college often present students with a series of difficult financial choices and few easy answers. This interactive simulation is designed to walk you through a typical student experience with seemingly obvious choices that may not be that obvious after all. Put yourself in the shoes of your students and see if you can steer yourself to successful degree completion.
Average Student Loan Debt By State4
Today’s students need to work 3x more hours than their parents did in order to keep up with tuition5
89% of students/parents/school employees surveyed would think better of institutions that had financial literacy programs6
7 in 10 graduates this year will leave with student loans7
We think bringing financial education and a responsible borrowing program to your students makes a lot of sense. You probably do, too. But that’s not all it takes. So we’ve put together this presentation to help your cross-campus team better evaluate the strengths of SALT and determine if it’s right for you. You can watch it here, download it to your computer, or even send it to colleagues simply by clicking the share button. Take a look. We think you’ll find it interesting.
Achieving this allows students to unlock their dreams, and we empower that potential with SALT™, an innovative educational program that develops money knowledge for college—and beyond. Working alongside like-minded, socially conscious partners, SALT reaches as many students and alumni as possible, creating confident consumers and a fiscally strong, educated nation. A higher education is a key conduit to opportunity. With our help, students can take full advantage of this—because they’re confident they paid for school successfully.
Learn more at asa.org
Sign up for new ASA whitepapers and stay up to date with best practices in student financial literacy.