Debt Letters
Informed students make better decisions
Poor borrowing decisions often stem from a lack of understanding for how the student loan system works and how debt effects long-term financial success. Student Connections’ simple and affordable debt letter process guides and educates your students on how to best navigate borrowing options.
Personalized and Proactive
One of the most common phrases we hear from delinquent student loan borrowers is, “I didn’t take out student loans. I had financial aid.” Our debt letter will proactively provide students that are in school with summary and detailed information of what they have borrowed, as well as what they can expect to pay in total once they enter repayment.
Provide Total Picture of Indebtedness
Want to provide information beyond just federal student loans? Our simple process allows you to include other loan information such as private, state or institutional loans, as well as include grant information. If not, you can opt for general language regarding these other types of funding.
Ensure Compliance with State Regulations
Some states have passed legislation that require schools to send annual debt letters to students. Our electronic letters meet all state regulations in one, simple notification. States currently requiring debt letters include: California, Florida, Illinois, Indiana, Louisiana, Maryland, Nebraska, Oregon, Pennsylvania, Texas, Utah, Virginia, Washington and Wisconsin.
