Missouri Southern has been selected by the U.S. Department of Education as the only university in Missouri to participate in a national experiment designed to lower the number of students who default on their student loans.
The experiment consists of many initiatives, including counseling sessions led by peer mentors for students who have taken out loans. It also includes standard entrance and exit counseling, while a treatment group receives additional sessions during their sophomore and junior years. The Department of Education will study the data to see if the extra counseling has changed borrowing habits.
“We’re hoping people will learn wise borrowing habits that will help them through life,” said Sharon Fraser, default prevention counselor.