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Share thisTayler Kreutter Interviewed by RBJ for Special Report on Higher Ed
Tayler Kreutter, Executive Director of Student Financial Services, was interviewed by the Rochester Business Journal for their Special Report on Higher Education. The story has input from Nazareth, Roberts Wesleyan, and Hobart and William Smith; all of these colleges currently have default rates that fall well below the national average of 10.8%.
Kreutter was quoted in the story:
Keeping track of the amount borrowed is one component of planning for one’s debt. But another key figure borrowers might want to familiarize themselves with is the school’s cohort default rate, says Tayler Kreutter, Roberts Wesleyan College’s executive director of student financial services. This bit of public information shows the percentage of graduates who have entered default on their loans. This can be a somewhat reliable gauge for how well the school prepares its graduates to assume their financial obligations.
“When you’re talking about financial literacy as a whole, across the country, students should be encouraged to view schools’ cohort default rates, because that’s showing that an institution is preparing a student to go into the working world and get a job where they’re earning a living wage and able to start paying back their loans,” Kreutter says.
Read the full story at RBJ.net or in this PDF of the article.
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