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Partnership aims to boost financial skills

May 20th, 2016

financial literacy

SALT and the Association of Independent California Colleges and Universities partner to improve students’ financial skills

SALT, a consumer literacy program provided by the nonprofit American Student Assistance, is partnering with the Association of Independent California Colleges and Universities to support AICCU member institutions with tools to develop greater financial competencies in students and alumni.

“Our member institutions spend over $1.5 billion in institutional grant aid annually to foster access and ensure success of all students with a dream of higher education,” said Kristen Soares, AICCU president. “But we know that many students and families struggle to afford higher education in California. We are partnering with SALT to give our students and alumni the financial know-how they need to successfully approach, manage and repay college costs. California wins when it has a college-educated workforce who graduate with manageable education debt, and are empowered as financially competent consumers who can contribute to our state’s economic success.”

Under the arrangement announced today, all AICCU member institutions will receive reduced pricing on their SALT sponsorship. As a public purpose nonprofit organization, ASA® is committed to offering full SALT services free of charge to students and alumni. To that end, SALT is enabled by multiple partners across public and private sectors whose support extends the reach of services, amplifies impact, and ensures the program can benefit students and alumni far into the future. More than 300 higher education institutions, nonprofits and corporate sponsors nationwide currently partner with SALT to bring its resources to more than 4 million students, alumni and employees.

AICCU member institutions that sign on with SALT will have a full suite of digital services available to their students and alumni, including the program’s online personal finance curriculum; a Repayment Navigator to track loans and compare repayment plans; search engines for scholarships and careers/internships; and blogs, articles, videos, calculators, tools, and apps that teach users how to take control of their finances. SALT users can also access one-on-one counseling with a loan specialist via phone, email and chat, and receive proactive, customized information and guidance at regular intervals throughout their student loan repayment process.

“We’re excited to partner with AICCU,” said John Zurick, SALT president. “For too many students, in California and across the country, paying for college is an insurmountable barrier. SALT, along with our higher education partners, is committed to eliminating finance as a barrier to higher education, thereby unlocking the potential of college and the dreams education enables.”

Contact Sarah Arslanian, SALT community and corporate engagement manager, at sarslanian@asa.org or 213 422 3509 to learn more about partnership opportunities in California.

About the Author:

Material from a press release was used in this report.

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