Default Prevention

Prevent Loan Defaults

Having trouble paying your student loans? Check out the following options.

Online Brochures

Debt Management Overview

The Debt Management Program Overview brochure provides detailed information around the "default prevention" program from OSFA. It also helps identify how to get started with the program at your school.

Navigating Your Financial Future is a free, comprehensive program for default prevention offered to all schools by the Office of Student Financial Assistance (OSFA). We target the student population in an effort to curb defaults on loans and assist borrowers with debt management. Our program is a tool designed to help you offer comprehensive services and educational resources to your students so that they may manage student loan debt successfully.

Financial Aid

The Financial Aid brochure provides information about options to pay for college. To supplement costs, most students take out loans to pay for college. There are a variety of loans available through the state, federal government, and private institutions that provide money for school. These loans have low interest rates that can be repaid over a longer period of time after graduation. This section of the website outlines financial aid in the form of gifts that you may want to explore further as helpful ways to cut back on the amount you will need to borrow.

Career Planning

The Career Planning brochure provides students and graduates with information about how their career choices directly impact their ability to make payments on their student loans.

Earning a degree, certificate or taking courses after high school will not only build your knowledge, but also gives you stronger skills for your career. Working towards and completing an education is the biggest step in the path of achieving the career and salary you have always dreamed of. With a career and steady salary, you can budget for consistent, timely, loan payments and avoid defaulting on your student loan.

The information in this section is designed to give you tips and ideas for your career. This section guides you on how to choose the right career path as you navigate through your financial future.

Repayment of Your Student Loan Debt

The Repayment of Your Student Loan Debt Brochure is a great resource as you are choosing to continue your education, go back to school, finish a goal you set for yourself long ago, or start school for the first time – these are some of the most important decisions you can make for yourself and your future. However, unless you are one of the few students who can actually pay out-of-pocket for education costs, you may also have student loans. With the rising cost of education and the increasing number of options for various types of loans, student loans are becoming more commonplace today. This means that educational opportunities that might not have been available to you are now at your fingertips.

School Life Management

The School and Life Management brochure creates awareness of the challenges for both traditional and non-traditional students as they decide to attend school.
As you decide to return to school, start school for the first time or take a break from school you need to think about the decision as it relates to your life situation. Many of us have families, work, community involvement or extracurricular activities. We have a variety of pressures and responsibilities that require time and effort.

Managing Your Credit

The Managing Your Credit Brochure creates awareness for students about different types of credit. Establishing and maintaining good credit can provide many benefits to your financial future. Good credit can help you obtain a car or home loan, a lease on a rental property, and even in some cases a desirable job. While balancing school expenses with the more day-to-day expenses of transportation, food, and shelter can be a challenge, maintaining good credit while in school is one of the most important things you can do for your financial future.

Managing Your Budget

The Managing Your Budget Brochure is the foundation of achieving your financial goals while maintaining your day-to-day living expenses. To attain financial success, mastering the skill of budgeting is the first step your can take. This will allow your money to work for you instead of feeling controlled by it. Budgeting also empowers you to be a better "money manager" and make better decisions on maximizing the power of your money to pay back your student loans either while you are in school or after you have completed school.