DeVry University released its annual academic report, which updates on the school’s initiatives and provides an overview of the university’s academic quality measures. In total the 2010-2011 report outlines 10 new improvement plans and provides 12 updates to plans that were laid out in the previous year’s report.
One of the main initiatives that DeVry implemented over the last year is an increasing focus on student financial literacy. In 2011, DeVry completed the launch of Student Central, a service designed to improve student retention, as well as the launch of pilot programs to improve student orientation, and a student centric service that is similar to an employee assistance plan.
In a written statement DeVry University President David J. Pauldine said that because many of the university’s students come from low-income households, and are often the first in their family to go to college, they are more likely to borrow money and have less experience paying off debt.
To assist students in understanding the complexities of debt and credit, the university has integrated a full financial-literacy component into its curriculum. Pauldine also stated that DeVry is committed to am an annual expenditure of $4 million to maintain the financial literacy.
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