USA Funds Excellence in Debt Management Awards
Monroe College

Monroe College is an independent proprietary college. The more than 7,000 students at its two New York campuses enroll in a variety of programs leading to associate, bachelor’s and master’s degrees. The geographic areas served by Monroe College have some of the highest rates of poverty and unemployment in the country. Despite these challenges, Monroe College has the highest bachelor’s degree graduation rate in the U.S. for campuses with enrollments of 1,000 or more with at least 60 percent Pell Grant recipients and 70 percent minority students. Monroe also ranks first in New York state in awarding undergraduate degrees to black and Hispanic students.

The college developed its Debt Reduction, Education, Assessment & Management project as a comprehensive strategic initiative to produce graduates who demonstrate smart personal finance behaviors. Core elements of this initiative include ways to minimize student borrowing while maximizing earning potential. Building on its history of providing lifelong career services for its graduates, through this initiative, the College’s Office of Loan Management houses a dedicated group providing lifetime professional debt management and default prevention advisement to students and their families.