12.6     Student Debt

The institution provides information and guidance to help student borrowers understand how to manage their debt and repay their loans.

Judgment

x   Compliance           o  Non-Compliance           o Partial Compliance

Narrative  

UL Lafayette has implemented a financial literacy program based on Financial Avenue that offers the following 10 individual courses:

·         Psychology of Money

·         Foundations of Money

·         College and Money

·         FAFSA

·         Loan Guidance

·         Earning Money

·         Credit and Protecting your Money

·         Spending and Borrowing

·         Debt and Repayment

·         Future of Your Money

These courses are formatted to allow students to track their progress as they proceed through each course. The Financial Aid Office can track the number of students who have completed the courses and their scores, and compiles the results. 

The availability and requirement of course completion are as follows:

·         Required as part of UNIV 100, the mandatory first-time freshman seminar, where it is included in the course-embedded Financial Aid Orientation Presentation;

·         Required as part of the financial aid suspension appeals process;

·         Available to any instructor on campus to include as course content; and

·         As information sent each semester via email to all current students advising them of the availability of courses beginning Fall 2019.

The Financial Aid Office keeps course completion reports and test summary reports. A financial aid contact person is available at any time to assist students with any additional questions during or after the course, as referenced on the Financial Aid Contact webpage.

 

SUPPORTING DOCUMENTS

Financial Aid Contact webpage

Financial aid suspension appeals process

Financial Avenue

Financial Avenue Course completion reports

Financial Avenue Courses

Financial Avenue Test Summary Reports

Financial Literacy Course Descriptions

Financial Literacy Pre-Post Test Graph Spring 2019

Financial Literacy results Spring 2019

UNIV 100 Syllabus