Indiana University says student loan borrowing is down

pigAn IU Communications news release last week about a sharp decline in student borrowing produced state news stories from Indiana Public Media and other news organizations. IU officials linked the decline to initiatives to promote student financial literacy and hold down costs.

Leslie Ducey, an IU SPEA graduate student and a peer coordinator with the university’s MoneySmarts team, tells Indiana Public Media she recommends students borrow money only for school-related costs and try to pay living expenses on their own. “Right now I think the hot topic is housing because a lot of students are starting to look at, especially the freshmen and sophomores, living off campus next year,” Ducey says. “And what does that entail — what kinds of costs should they expect and how can they save money and all of those kinds of issues.”

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