ICFE eNEWS #11-27 - July 12th 2011
Debt relief for college students - StudentDebtHelp.org
Help college students and parents with debt: visit ICFE's new Website
Money Management Web Portal created for Students, Parents
and Educators re-launched by ICFE.
The Institute of Consumer Financial Education (ICFE), based in San Diego has re-launched The California Student Debt Resource and Awareness Project's (CASDRAP) comprehensive online portal, StudentDebtHelp.org (SDH).
SDH is designed to improve financial literacy among college, university and other post-secondary students. At the SDH web site students, parents and college educators/administrators can access a rich trove of money management resources.
Students logging on to StudentDebtHelp.org find a wealth of useful information on budgeting, credit, financing an education, insurance, housing and transportation. It provides important insights about the challenges of money management and great advice if students find themselves in financial trouble.
Parents may use the website to assist in plans for financing their children's higher education, in addition to helping students tackle budgeting and building a good credit history.
Educators/administrators find classroom material on money management and support for lowering student loan delinquency and default rates. The approach throughout the web site is practical, the writing straightforward and to the point.
CASDRAP/SDH consisted of college and university administrators, non-profit financial education/consumer credit counseling organizations and student lending and guarantee entities. It got its start at San Diego State University. The timing of the Web site development coincided with the implementation of Assembly Bill 521, the Student Financial Responsibility Act (Koretz), which mandates that financial education be provided at California state universities and other California campuses as part of new student orientation programs. The California Legislature enacted the law in 2002. Initial funding for the site's development was provided through EDSHARE, a three-year grant program from EDFUND, the nation's second largest provider of student loan guarantee services under the Federal Family Education Loan Program. Funding from those sources had evaporated and SDH went dormant. Then, CASDRAP charter member, the Institute of Consumer Financial Education (ICFE.info) assumed sole sponsorship of the web site and re-launched it in June 2011.
Student Debt Help was presented at a national conference of the National Association of Student Financial Aid Administrators (NASFAA). The session, titled Financial Literacy Resources for College Students, Parent, and Educators/Administrators, provided the opportunity to share its website StudentDebtHelp.org with a national audience. The session reviewed the reasons for the growing problem of student debt among post-secondary students including the rise of the cost of education, increased use of credit cards, and poor financial literacy, as well as how SDH addressed this problem.
One of the more popular features on the SDH website is the Ask MrG Financial Library. Jim Garnett of Ankeny, IA, is the "Mr. G." behind the AskMrG Library. He brings more than thirty years experience in financial counseling to each of the nearly 200 articles.
The website is constantly expanding and adding new resources. Feedback from users is always welcomed. Educators and other professionals are invited to submit resource links for StudentDebtHelp.org
President - Executive Director
Institute of Consumer Financial Education (ICFE)
ICFE - Institute of Consumer Financial Education - ICFE.info - 619.239.1401