Press Releases

Husson University Partners with SALT Education Program Focusing on Student Debt

Date of Release: September 6, 2012

Husson University, in coordination with the Finance Authority of Maine, has partnered with SALT, an educational program designed to incent sound financial management in college students and recent alumni. Husson is the first institution in Maine to implement the program.

Husson University has partnered with SALT in an effort to educate, empower and engage college students and young adults to manage their finances by making it immediately rewarding, easy and enjoyable to make smarter student loan and financial decisions. The program uses a variety of channels to engage student and alumni members and positively influence behavior. Members receive proactive communication about student loan repayment options, one-on-one repayment counseling with student loan experts, a personalized online dashboard to track all their federal and private student loans in one place and compare payment options, and more.

SALT was established by American Student Assistance®, a 56-year-old nonprofit that works to assist college students and alumni in successfully managing and repaying their student loan debt. Previous ASA programs have demonstrated that students provided with proactive, customized and targeted communication are 50 percent less likely to fail in loan repayment.

“Husson University is pleased to partner with SALT to help position students for financial success,” said President Robert Clark. “As the lowest net price 4-year private higher education in New England accredited by the New England Association of Schools and Colleges, we are committed to playing our role in ensuring that students and alumni have access to the education debt management and financial education services that SALT provides.”

Husson University joins a growing number of higher education institutions nationwide, from four-year private institutions to public institutions to community colleges that have partnered with SALT. SALT schools’ students and alumni automatically become members and gain full access to the program’s services. Multiple administrative offices on campus, from financial aid to student affairs, alumni and development, will actively partner with ASA on a year-long “Get on the Money” campaign to drive SALT awareness and engagement among on-campus students and alumni.

For more information on this release, please contact Husson University Executive Director of University Communications Amanda Kitchen at 207-992-4925 or kitchena@husson.edu.

To learn more about SALT, please contact Allesandra Lanza-Cosgrove, Director of Corporate Public Relations at 617.728.4631 or lanza@asa.org.

< back to all articles