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Lynn Mizanin Campus Director, Miami-Jacobs-Independence “Affording Higher Education”

Lynn Mizanin Campus Director, Miami-Jacobs-Independence “Affording Higher Education”. Topics. Ohio’s student loan debt crisis How career colleges and schools help students make responsible financial decisions

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Lynn Mizanin Campus Director, Miami-Jacobs-Independence “Affording Higher Education”

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  1. Lynn MizaninCampus Director, Miami-Jacobs-Independence“Affording Higher Education”

  2. Topics • Ohio’s student loan debt crisis • How career colleges and schools help students make responsible financial decisions • New financial literacy campaign launched by the Ohio Association of Career Colleges and Schools

  3. Student Debt Crisis In Ohio …  Average debt is $28,683 • 68% of students graduate with debt Nationally … • Debt has reached $1 billion • Delinquency higher than for credit cards

  4. Ohio Default Rates

  5. Career Colleges & Schools Serve Non-Traditional Students

  6. Promote responsible borrowing • Meet a pressing student and public need • Increase graduation rates • Demonstrate industry leadership • Advance public policy to discourage over-borrowing

  7. Two Distribution Channels 1. Guidance counselors  high school students & parents

  8. Two Distribution Channels 2. Financial aid officers  Career college students/prospective students

  9. Financial Planning Made Simple

  10. How Students Benefit • Learn terms and conditions of financial aid and loans • Make smart decisions about their financial futures • Create their own personal budget • Learn the differences between “wants” and “needs”

  11. How Ohio Benefits • More conservative borrowing over time • Fewer college drop-outs • More college graduates

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