1. Lynn Mizanin Campus Director, Miami-Jacobs-Independence Affording Higher Education

2. Topics 1.Ohios student loan debt crisis 2.How career colleges and schools help students make responsible financial decisions 3.New financial literacy campaign launched by the Ohio Association of Career Colleges and Schools

3. Student Debt Crisis In Ohio … Average debt is $28,683 68% of students graduate with debt Nationally … Debt has reached $1 billion Delinquency higher than for credit cards

4. Ohio Default Rates Type of institutionDefault Rate Career colleges22.3% Community colleges19.3% Public universities 9.2% Private, not-for-profit 6.3% Source: Larilyn and Associates / Underwood Associates, 2013

5. Career Colleges & Schools Serve Non-Traditional Students

6. Promote responsible borrowing Meet a pressing student and public need Increase graduation rates Demonstrate industry leadership Advance public policy to discourage over- borrowing

7. Two Distribution Channels 1. Guidance counselors high school students & parents

8. Two Distribution Channels 2. Financial aid officers Career college students/prospective students

9. Financial Planning Made Simple

10. How Students Benefit Learn terms and conditions of financial aid and loans Make smart decisions about their financial futures Create their own personal budget Learn the differences between wants and needs

11. How Ohio Benefits More conservative borrowing over time Fewer college drop-outs More college graduates