DELAWARE, Ohio – Ohio Wesleyan University now offers its current students and recent graduates free access to SALT™, a financial education resource created by the nonprofit American Student Assistance® (ASA).
SALT is a dynamic multichannel educational program that teaches students and alumni how to borrow less for college, take out the right types of loans, manage repayment issues, and build money skills for life. To meet its goals, SALT combines online and offline interactions designed to deliver decision support, engaging content, and one-on-one loan repayment guidance in a simple, useful, and motivating experience.
Approximately 12 million students borrow for college each year, but many borrow more than they need, choose loans that don’t offer the best consumer protections, or fail to take advantage of programs that make repayment more manageable, according to ASA, which has more than 50 years of experience in helping people with financial issues.
“Ohio Wesleyan students and alumni automatically become members and gain full access to the SALT program,” said Kevin Paskvan, OWU director of financial services. “We are committed to helping them achieve their educational and financial goals, and hope they utilize this free resource to its full potential.”
As a public-purpose nonprofit organization, ASA® is committed to offering full SALT services free of charge to students and alumni of participating higher education institutions. Multiple stakeholders interested in student success—including federal or state government, colleges and universities, foundations or other nonprofit organizations, and corporate sponsors—all contribute to the cost of delivering the service.
Founded in 1842, Ohio Wesleyan University is one of the nation’s premier small, private universities. Ohio Wesleyan offers more than 90 undergraduate majors, sequences, and courses of study, and 23 NCAA Division III varsity sports. OWU combines an internationally focused curriculum with off-campus learning and leadership opportunities that connect classroom theory with real-world practice. Located in Delaware, Ohio, OWU’s 1,850 students represent 41 states and 45 countries. The university is featured in the book “Colleges That Change Lives,” listed on the 2013 President’s Higher Education Community Service Honor Roll with Distinction, and included on the “best colleges” lists of U.S. News & World Report and The Princeton Review. Learn more at www.owu.edu.