Let's say reducing pupil financial obligation try as easy as giving pupils a letter?
Indiana University officials state credit by undergraduates at university has actually fell 18% once the 2012. That's in the event the college or university first started sending people annual characters that imagine its overall financing financial obligation and you may future monthly payments, as an element of a hit to improve their financial literacy.
Motivated by overall performance on IU, Indiana this past year first started requiring the universities one deal with state services to deliver letters. Nebraska observed that have an equivalent legislation so it spring season.