Support Student Borrowers’ Rights

Federal Student Loan Consumers Are Entitled to Comprehensive Debt Management

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• Education Debt Management Works
• Legislation to Evolve the Guarantor
• Financial Counseling and Degree Attainment
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Financial Counseling and Degree Attainment

Ensuring that students persist in school and attain a degree is an issue on everyone’s mind these days—from President Obama to financial aid officers concerned about the costs of loan default to students who fear they can’t afford to finish their degrees.

Studies find that financial pressure is a leading cause of early withdrawal, in addition to other major risk factors, such as working full time and being a “first-generation” student who enters school without a successful model from their parents’ experience. ASA has assembled a paper (pdf, 509 KB) on the ways that financial counseling provided by guarantors addresses these risk factors, promotes degree attainment, and reduces risk of default.

Loans Get Students Through College. Support Reform that Gets Them Through Their Loans.