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TWU Receives “Commitment to Student Success Award”

12/17/04


DENTON — Texas Woman’s University has received the Commitment to Student Success Award from the Council for the Management of Educational Finance and the Texas Guaranteed Student Loan Corp. in recognition of the university’s exemplary student loan management.

To qualify for the award, TWU had to post a Federal Family Education Loan Program (FFELP) default rate below the 7.58 percent average for public doctoral/research universities-intensive. TWU’s default rate of 3.2 percent is not only below that sector average, but also below the overall state average of 6.4 percent and the national average of 5.2 percent.

This fall, 5,259 TWU students received FFELP loans totaling $42.9 million.

TWU maintains a low default rate by working with students to ensure they don’t borrow more than they need and through debt management counseling, said Governor Jackson, TWU director of financial aid.

“Before a TWU student begins the loan process, we help them exhaust all other financial aid opportunities — scholarships, grants, work/study programs,” Jackson said. “This way, they don’t borrow more than they need, which helps keep them out of trouble. We also discuss with students the importance of fulfilling their financial obligations.”

The Texas Guaranteed Student Loan Corp. is a public, non-profit organization that administers the FFELP. The Council for the Management of Educational Finance provides leadership in default prevention and debt management throughout the higher education community.

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For Further Information Contact:

Roy Kron
Director of News and Information
Tel: (940) 898-3456
e-mail: rkron@twu.edu

 

 

Page last updated December 20, 2004

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