Default Prevention Grant helps students avoid loan default

There are second chances in college when it comes to finances.Ann Korschgen, the vice provost for enrollment management, said the university got access last month to the Default Prevention Grant. The grant provides funding for 25 post-secondary institutions in Missouri to help educate students about managing debt and avoiding loan default.

Korschgen said the program has two primary objectives.

"Our focus has been to recruit back students to campus who left in good academic standing but did not graduate, and to ensure students receive good advice to help prevent their defaulting on their student loans," Korschgen said.

Defaulting on a loan happens when a person fails to make a payment on time.

This is the third year MU has received the grant. Korschgen said she considers it to be a "recruit-back project."

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