“When managed properly, student debt is a wise investment in the future and the foundation for building good credit.”
Newark, OH (PRWEB) December 31, 2013
Central Ohio Technical College (COTC) has teamed up with SALT, a financial education resource created by the nonprofit organization American Student Assistance (ASA), to empower students and recent graduates to take control of their student loan debt on a practical, day-to-day level.
“When managed properly, student debt is a wise investment in the future and the foundation for building good credit,” said Faith Phillips, Director of Financial Aid. “Where students run into trouble is when they don’t have the proper information or skills to make financial decisions in their best interest. We’ve partnered with SALT to ensure our students and alumni have support every step of the way as they navigate paying for college and repaying student loans.”
While a college degree has never been more valuable than in today’s global economy, student debt is a trillion dollar issue that is slowing our nation’s economic recovery. Approximately 12 million students borrow for college each year, but many borrow more than they need, choose loans that don’t offer the best consumer protections, or fail to take advantage of the many available programs to make repayment more manageable.
COTC is taking steps to address this higher education and economic crisis with SALT. The program combines online and offline interactions to deliver decision support, engaging content, and one-on-one loan repayment guidance in a simple, useful, and motivating experience. COTC students and alumni automatically become members and gain full access to the program’s services.
Central Ohio Technical College is a fully accredited, two-year college dedicated to providing high quality, accessible programs of technical education in response to current and emerging employment needs, as well as encouraging the professional development of students, staff, faculty, and administrators to assist them in achieving their maximum potential. COTC operates campus locations in Newark, Coshocton, Knox and Pataskala.