Student Debt
From pilot project...
to success story.
The McPherson College Student Debt Project is a concept developed from the college’s most recent strategic plan, Community by Design, to bring the entire campus together to solve of one the most challenging issues facing students and families today – student debt. What started as a small pilot program in the fall of 2017 has grown in size, as well as in the impact it makes on the financial wellness of students and campus. The plan was to find a financial model that balances student and family cost with the institution’s need for sustainable revenue. The Student Debt Project is the result of an initiative for redefining the tuition revenue model to ensure affordability and institutional revenue. “In developing the Student Debt Project we wanted to explore the biggest concern students and families have about attending college, which is student debt,” President Michael Schneider said. “Rather than focusing on cost or scholarship discounting, we wanted a program that focused on mentoring students to manage finances and learn important financial skills that will benefit them after they graduate.”
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MCPHERSON COLLEGE MAGAZINE
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