Officials at Zenith Education Group are hoping a new financial aid process that provides pre-enrollment financial literacy counseling will help students make better-informed decisions at the nonprofit Everest and WyoTech campuses.
The new financial aid process was piloted at seven campuses this fall. It involves a three-step process that connects students with financial aid planners and encourages them to complete the federal financial aid application, research income expectations and create a budget. This "breathing period" is expected to help students consider how they will finance their educations and whether or not student loans are in their best interests.
"Our approach to financial aid is emblematic of the cultural shift Zenith has been making to prioritize student success over enrollment numbers since acquiring these campuses," said Dave Hawn, president and chief executive officer of Educational Credit Management Corporation Group and interim president and CEO of Zenith Education Group, in a news release.