A Little Nudge Goes a Long Way: Guiding Students Toward Responsible Borrowing

Tuesday, June 27, 2017: 8:30 AM-9:30 AM
Room 11AB (San Diego Convention Center)
Session Type: Interest Sessions
Track: Professional Development & Management
Subcategories: Leadership/Manager's Track
Audience: All
Credit Type: Credit Hours and Clock Hours
School Type: All Schools
Behavioral finance has helped us to understand why we sometimes make irrational money choices, even when we know better (buyer’s remorse anyone?). But behavioral science can also help us positively move toward healthy, desired financial outcomes – and all it takes is a little nudge.

This session will explore the concept, ethics and implications of nudge theory. Case studies will demonstrate how nudge dramatically reduced student borrowing via SUNY Brockport’s adjustment of the cost of attendance formula, and Indiana University’s use of student debt letters.

Matt Nettleton (Inceptia)
Philip Schuman (Indiana University - University Student Services and Systems)
Carissa Uhlman (Inceptia)
William J. Cavin (State University of New York System Administration)