One Letter, Big Results: Using Debt Letters to Encourage Smart Borrowing
Date: Recorded on Wednesday, February 8
Time: 1:00 p.m. (CT) | 2:00 p.m. (ET)
Duration: One hour
Speakers: Carissa Uhlman, Inceptia Vice President of Student Success; Nate Peterson, Interim Associate Director of One Stop Student Services, University of Minnesota
Debt letters, or loan summaries, have taken the financial education world by storm. Spurred on by the results of reduced borrowing at schools like Indiana University, some states are even making loan summaries a required step for colleges and universities. But are the letters working? What does a good loan summary look like? And how can institutions build resources around loan summaries to ensure success?
In this one hour webinar, we’ll share the findings of our latest research brief regarding debt letters and schools that utilize them. Inceptia’s own Carissa Uhlman, vice president of student success, will examine the preliminary results of institutional loan summary initiatives at three large universities and the science behind effective debt letters. Next, Nate Peterson, Interim Associate Director of One Stop Services at University of Minnesota-Twin Cities, will share how UMN Twin Cities is integrating loan summaries into student portals and staff interactions. Finally, we’ll offer suggestions on building a framework of resources to support responsible borrowing and repayment throughout the student lifecycle.
Attendees will come away from this webinar with:
- An understanding of loan summary strategies, from selecting appropriate outcomes to composing an effective letter
- Implementation, staff training, and program support ideas from the University of Minnesota-Twin Cities
- Suggestions for integrating loan summaries into a broader suite of services to support responsible borrowing habits