Financial Literacy and Default Prevention
We all know that robust college financial literacy instruction is imperative, but the iGrad platform is the only one of its kind which integrates with school systems to proactively identity risk factors and help prevent student loan default.
Financial Literacy and Financial Aid Counseling
iGrad's student platform is designed to be 100% interactive and dynamic. Students learn how to make good financial decisions through interactive courses, exercises, games and videos. Student loan borrowers learn the ins and outs of student loans and repayment through iGrad's state-of-the-art federal financial aid entrance and exit counseling, which is fully DOE compliant.
Continuous, Dynamic Learning
As students interact with the courses and exercises, the platform learns about their specific situtation and delivers the most relevant financial literacy content to them using a weighted algorithm. This algorithm automatically adjusts the content as the student's situation changes, always ensuring delivery of the most needed, most relevant content.
Identify "at-risk" student borrowers
The data from the student interaction is analyzed, and the iGrad platform can automatically "flag" student profiles which are the highest risks of drop-out and student loan default. School administrators can proactively help these students by utilizing a special iGrad course or reaching out to these students individually.
Benchmark against other institutions
iGrad's easy-to-use admin panel allows school administrators to view and download reports which show student-level detail, compare school trends across different departments or campuses, and compare school trends against benchmark numbers from all schools. This reporting is the key to an effective synergy between financial literacy, default pre- vention and default management initiatives.