Default Prevention Grant Program
Helping students make wise borrowing decisions and establish healthy repayment habits is critical to the individual success of Missouri's students as well as to the overall long-term economic health of the state and the nation.
To keep delinquency and default rates as low as possible in Missouri, the MDHE established a Default Prevention Grant program in 2001. Since then, the MDHE has helped more than 50 postsecondary institutions implement and sustain debt management programs, financial literacy workshops, student success and retention efforts, and default prevention activities.
Since the program's inception, the MDHE has awarded more than $8.9 million to Missouri institutions. Official two-year CDRs for 2011 as well as official three-year CDRs for 2010 became available in September of 2013.
Grants Awarded for 2013-14
The Default Prevention Grant Program of the Missouri Department of Higher Education awarded $885,724 to 34 Missouri postsecondary institutions for the 2013-2014 academic year. Funds are used to promote financial literacy and student loan debt minimization strategies among their students.
Institutions do not have to participate in the Default Prevention Grant Program to receive MDHE default prevention training. To schedule training, complete the online speaking event form.
For more information, contact: