Debt relief for college students - StudentDebtHelp.org
Help college students and parents with debt: visit ICFE's new Website
Money Management Web Portal created for
and Educators re-launched by ICFE.
The Institute of Consumer Financial Education (ICFE),
based in San Diego has re-launched The California Student Debt Resource
and Awareness Project's (CASDRAP) comprehensive online portal,
SDH is designed to improve financial literacy among college,
university and other post-secondary students. At the SDH web site
students, parents and college educators/administrators can access
a rich trove of money management Resources.
Students logging on to
find a wealth of useful information on budgeting, credit, financing
an education, insurance, housing and transportation. It provides
important insights about the challenges of money management and
great advice if students find themselves in financial trouble.
Parents may use the website to assist in plans for financing
their children's higher education, in addition to helping students
tackle budgeting and building a good credit history.
Educators/administrators find classroom material on money management
and support for lowering student loan delinquency and default rates.
The approach throughout the web site is practical, the writing straightforward
and to the point.
CASDRAP/SDH consisted of college and university administrators,
non-profit financial education/consumer credit counseling organizations
and student lending and guarantee entities. It got its start at
San Diego State University. The timing of the Web site development
coincided with the implementation of Assembly Bill 521, the Student
Financial Responsibility Act (Koretz), which mandates that financial
education be provided at California state universities and other
California campuses as part of new student orientation programs.
The California Legislature enacted the law in 2002. Initial funding
for the site's development was provided through EDSHARE, a three-year
grant program from EDFUND, the nation's second largest provider
of student loan guarantee services under the Federal Family Education
Loan Program. Funding from those sources had evaporated and SDH
went dormant. Then, CASDRAP charter member, the Institute of Consumer
Financial Education (ICFE.info)
assumed sole sponsorship of the web site and re-launched it in June
Student Debt Help was presented at a national conference of the
National Association of Student Financial Aid Administrators (NASFAA).
The session, titled Financial Literacy Resources for College
Students, Parent, and Educators/Administrators, provided the
opportunity to share its website
with a national audience. The session reviewed the reasons for the
growing problem of student debt among post-secondary students including
the rise of the cost of education, increased use of credit cards,
and poor financial literacy, as well as how SDH addressed this problem.
One of the more popular features on the SDH website is the Ask
MrG Financial Library. Jim Garnett of Ankeny, IA, is the "Mr. G."
Library. He brings more than thirty years experience in financial
counseling to each of the nearly 200 articles.
The website is constantly expanding and adding new Resources.
Feedback from users is always welcomed. Educators and other professionals
are invited to submit resource links for