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Student Loan Debt Keeps Rising

What should I have done before taking out that loan? I should of saved more, applied for more scholarships, Should have went to school in state instead of out of state

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Nearly 20 million Americans attend college each year

Set a goal with a time frame

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37 million student loan have outstanding student loans

Summarize the main points: Student Loan debt keeps rising

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under 30 age group borrowers the most at 14 million

Will I get that better paying job with that degree?

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The average student loan debt for the Class of 2011 was $26,600, a 5% increase from 2010

Preview the three main points that will support your big idea: Exploring all of your options before taking out loans 1) Research 2) Explore other options 3) Understanding the small print, what happens if you miss a payment or default on your loan. The long-term effects this may cause

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!!!!!!!!65% student loan borrowers misunderstood the student loan process

Research all options before committing to taking a loan

What are my options?

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What are other options before signing your life away? !

Have you considered all options before taking out this loan

Do you really understand student loans

Ask yourself

Should education be free? Why can’t you file bankrupt on student loans? Can we do anything to change the laws on tuition cost?

Understanding the small print

what happens if you miss a payment or default on your loan

Ask yourself

The long-term effects this may cause

Ask yourself

One-third of recent grads, if they could do it all again,

would have pursued more scholarships or financial aid options, pursued a major that would have led to a higher paying job, gotten a job while in college and started saving earlier

http://www.asa.org/policy/resources/stats/America Student Assistance (n.d) Student Loan Debt Statistics In America. Retrieved March 8, 2014, from

Facts

I would research each school, tuition, on-campus or online what would be a better option

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feeling like I would never pay this off

I am an example of student loan debt feeling like I would never pay this off. !

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Set up a plan that you can stick too

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Understand the small print

What benefits will I have after paying this off?

Table 1A. Average Published Charges for Full-Time Undergraduates by Type and Control of Institution, 2013-14 (Enrollment-Weighted)

Tuition and Fees Room and Board Total Charges

Sector 2013-14 2012-13 $ Change

% Change 2013-14 2012-13 $

Change%

Change 2013-14 2012-13 $ Change

% Change

Public Two-Year In-

$3,264 $3,154 $110 3.5% $7,466 $7,342 $124 1.7% $10,730 $10,496 $234 2.2%

Public Four-Year In-

$8,893 $8,646 $247 2.9% $9,498 $9,171 $327 3.6% $18,391 $17,817 $574 3.2%

Public Four-Year

$22,203 $21,533 $670 3.1% $9,498 $9,171 $327 3.6% $31,701 $30,704 $997 3.2%

Private Nonprofit Four-

$30,094 $28,989 $1,105 3.8% $10,823 $10,458 $365 3.5% $40,917 $39,447 $1,470 3.7%

For-Profit $15,130 $15,060 $70 0.5% — — — — — — — —

SOURCE: The College Board, Annual Survey of Colleges.

This table was prepared in October 2013.

Are you getting the best rate on each loan? Could you consolidate your loans?

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Mapping out a plan

What will be the final outcome

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when will I be done paying this off!

Where I am currently with student loan debt and when will I be done paying this off

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Restate Big Idea: Why is tuition cost keep rising

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Call to Action: what will you do after

Further information On Federal Loan Discharge Programs: http://www.asa.org/loan-help/dispute/default.aspx !!Further information On Federal Loan Forgiveness Programs: http://www.finaid.org/loans/forgiveness.phtml !!Loan Cancellation And Discharge Forms: https://saltmoney.org/content/Forms?Ns=/Form/_/N-17Z4l !!Further information On Forgery (Contact Your Local Police And Refer To You State Law): http://statelaws.findlaw.com/criminal-laws/forgery/

All options before taking this loan