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Majoring in Debt: CSS Response

Updated: 11/20/2013 6:04 PM
Created: 11/20/2013 5:59 PM WDIO.com

The College of St. Scholastica's has a strong commitment to minimizing the amount students borrow through:

  • providing financial aid,
  • teaching students and parents financial literacy,
  • offering financial counseling,
  • and promoting our "four-year guarantee."

Here are a few highlights:

Financial aid - St. Scholastica offered over $28 million in gift aid in 2012-13 (that's grants and scholarships, not loans). This allows us to make St. Scholastica affordable to students from all walks of life.

Financial literacy - We offer an online financial literacy course for one credit, and we're developing a four-credit financial literacy course that might start in spring. We offer students AccessReady, an online budgeting tool that they can access throughout their college career and after. We even have two financial literacy interns who do financial literacy training throughout the year with students - we find that students are more receptive to this information when it comes from fellow students rather than from staff or faculty.

Counseling - While the student is being recruited, then during orientation, and once they're here, we offer online and in-person group and one-on-one counseling options. We highly encourage families to stop in for counseling during their orientation events.

Four-year guarantee - At many schools a "four year degree" takes an average of five, six or even seven years. Not at St. Scholastica. If the student follows simple guidelines, she graduates in four years, guaranteed, or subsequent classes are free. (It's rare that we have to pay for extra classes.) St. Scholastica can do this thanks to our strong academic advising and good availability of our classes. This benefits the student in two ways - she's not spending money on more undergrad classes and she's either out in the job market earning or in graduate school becoming all the more qualified for a rewarding career.

For more information, visit College of St. Scholastica.

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