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 $8.1 million to Missouri institutions. Official two-year CDRs for 2011 as well as official three-year CDRs for 2010 will be available in September of 2013.
Competitive Grant Application Process for 2013-14
The MDHE is now inviting all Missouri postsecondary institutions participating in the Federal Direct loan programs to apply for the 2013-14 academic year Default Prevention Grant. The first step in the application process is to submit a letter of intent by the close of business on Tuesday, April 30. The letter should be very short and simple as its purpose is to provide the MDHE with the number of proposals to expect to review so we can plan accordingly. The official proposal is due by close of business on Friday, May 10, 2013.
For more information, contact: