Summer: Helping Borrowers Secure Student Loan Forgiveness
Learn how fintech Summer partnered with the Financial Health Network to help students pay down debt and build their financial health.
Pulse Points Spring 2023: Bracing for the End of Student Loan Forbearance
New analysis suggests that many borrowers anticipate difficulty restarting payments when forbearance likely ends this summer – but proposed policy changes could help.
Biden cancels up to $20,000 in student loan debt for millions of Americans, extends payment pause
President Biden said Wednesday he is taking action to cancel up to $10,000 in federal student loan debt for millions of Americans and an additional $10,000 for low-income borrowers while extending a pause on monthly payments, delivering long-awaited relief just weeks before the midterm elections.
The federal student loan pause is saving borrowers $1.5 billion in interest each month
As the debate around student loan debt cancellation swirls, the pause on federal loan payments is having a pronounced effect on borrowers' bottom lines: It's saving them $1.5 billion each month in interest payments, a new report estimates.
Credit Union Spotlight: Measuring to Improve Member Financial Health
These case studies highlight our measurement of transactional indicators with three credit unions, enabling them to drive positive impact for their members and their businesses.
Educating the Next Generation: Using KPIs to Assess the Impact of Student Financial Education Programs
The Financial Health Network partnered with Michigan State University Credit Union (MSUFCU) to analyze its financial education programming for high school and college students, revealing some signs of positive impact on business outcomes and the students’ financial health.
Supporting the Financial Lives of America’s Young People
Principal® Foundation research shows that In the United States, 54% of young people between the ages of 18 and 30 report they have hit financial rock bottom – a situation made worse by pandemic-related job losses and college closures. This report shares new potential solutions from the Principal Foundation YouthCan Initiative Innovation Challenge, which supports organizations working to tackle the financial issues facing young people today.
Wayne State University Case Study: Giving Students a Second Chance at Success Through Debt Forgiveness
Research from the Financial Health Network shows that removing financial barriers for students can help them succeed both financially and academically. Learn how Wayne State University is working to develop effective tools for student success through the “Warrior Way Back,” a unique debt forgiveness program.
Edquity Case Study: Supporting Students with Innovative Emergency Aid
Each year, millions of college students struggle to stay in school not because of academic difficulties, but because of financial challenges. The Financial Health Network is dedicated to furthering solutions to help improve student financial health and increase academic success. In this case study, we explore how Edquity – an innovative student support app – is working to reduce the number of students who dropout of college because of a financial emergency of $500 or less.
Admissions Scandal Misses The Point That Many Students Can’t Afford College (Even If They Get In)
“College students need more help managing their day to day financial health if they are to graduate successfully and parlay their degree into greater financial security.” Read Jennifer Tescher’s insightful Forbes entry about the real problems facing millions of college students that the college admissions scandal missed. Read the article >>
Financial Health and Higher Education: The Power of Assessing Student Financial Health
There is increasing awareness among community colleges and universities regarding the link between student financial health and academic success. In 2018, working closely with a cohort of innovative colleges and universities, Financial Health Network developed a new, holistic framework for not only understanding, but also assessing and measuring student financial health.
Driving College Success
Higher education can provide remarkable access and opportunity to Americans, but financial challenges often prevent students from reaching their full academic potential. Read about how educational institutions can help more students achieve academic success and financial health.