A college degree undeniably opens the doors to opportunity and remains the best way to achieve the American Dream—study after study has shown the incredible boost in lifetime earnings, entrepreneurship, and even home ownership afforded by a diploma. However, the decision to pursue a higher education can also introduce challenges. The rising cost of education means many young adults will need to take on debt to finance their future.
In Money 101: The Importance Of Teaching Students To Manage Their Finances, we discuss how student debt has always been part of the college experience—and make the case that what some see as a problem is actually an opportunity: the chance to introduce young people to the idea of responsible borrowing.
SALT®: A Financial Education And Responsible Borrower Program
After 50 years of working with over a million student borrowers, the nonprofit organization American Student Assistance® (ASA) created SALT, a comprehensive approach to responsible borrowing designed to empower college students and alumni to confidently approach, manage, and pay back their student loans while gaining financial skills for life. As a leader in responsible borrowing, we’ve taken our knowledge of what works and rolled it into one powerful program. SALT incorporates the best practices ASA® developed to keep more than 93% of the loans it manages in good standing—and puts them to work for your students.
![[image] University Business logo](http://www3.universitybusiness.com/mailing/logos/ublogoNEW.png)
