College Debt. The Truth about College Debt
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- Jennifer Lawson
- 10 years ago
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Transcription
1 College The Truth about College
2 Agenda ü College Environment ü College Timeline ü Questions & Answers ü Resources
3 1.1 Trillion Student 1 Trillion Parent 17 Trillion US 2.1 Trillion Tuition 24.5 Million Missed Loan Payments 39 Million Students in
4 COLLEGE DEBT ENVIRONMENT
5 Tuition Today RI Colleges URI $23,454 Providence College $49,198 Brown U $51,260 Roger Williams $44,480 Bryant U $48,903 RIC $16,524 MA Colleges Umass Dartmouth $21,304 Umass Amherst $22,124 Boston University $54,130 Boston College $54,528 Northeastern U $31,049 Bridgewater St U $17,919
6 College in the News soar s n loa ade t N n N e C tud ast dec S : d Fe ver p o 275% Fo x B Stude usiness N n Marri t Loan De ews age, Child bt Means ren Delay s to USA Tod ay Student l oans outs tanding w trillion thi ill exceed s year $1
7 Average College? 25k
8 What is Counted? Other Types of Loans Private Student Loans Federal Federal Stafford Stafford Loan Loan Federal PLUS Loans
9 College Funding College Admissions College Success College Readiness Financial Aid & Scholarhsips College
10 Where will you be? $95,000 Total $27,000 Total $34,50 Total $70,000 Total
11 COLLEGE TIMELINE & LOAN OPTIONS
12 The College Planning Timeline: Know your Funding Options Well Ahead of Time! Select Apply Admit Financial Aid Award FUND! June- Nov Nov- Jan Jan- March March - May June May 1 st June 1 st
13 Private Student Loans Federal Stafford Loan Federal PLUS Loan Federal Perkins Loan Home Loan Tuition Payment Plan Compare your Options: Know your Funding Options Well Ahead of Time! Amount Term % Fee Cost $10, Years 3-8% Zero $2,437 You may qualify for Federal $10, Years 3.41% 1.0% $4,020 student loans. We encourage students to exhaust Federal $10, Years 6.41% 4% $5,100 student loan options before applying for a Private student $10, Years 5.0% $0 $2,728 loan, as Federal loans are often $10, Years 3.7%? $1,989 less expensive and offer the May 1 st June 1 st widest variety of repayment $10, Years 0% $60 $60 options.
14 Compare your Options: Know your Funding Options Well Ahead of Time! Amount Term % Fee Cost Private Student Loans $10, Years 3-8% Zero $2,437 Federal Stafford Loan $10, Years 3.41% 1.0% $4,020 Federal PLUS Loan $10, Years 6.41% 4% $5,100 Federal Perkins Loan $10, Years 5.0% $0 $2,728 Home Loan Tuition Payment Plan $10, Years 3.7%? $1,989 May 1 st June 1 st $10, Years 0% $60 $60
15 Compare your Options: Know your Funding Options Well Ahead of Time! Private Student Loans Bankruptcy Fixed Death Disability Reduce Dissolve Tax Write- Off NO sometimes NO NO YES Federal Stafford Loan NO NO YES $5,000 After 120 YES Federal PLUS Loan NO YES YES NO YES Federal Perkins Loan NO YES YES $5,000 After 120 YES Home Loan Tuition Payment Plan sometimes sometimes sometimes NO YES May 1 st June 1 st n/a n/a n/a n/a n/a
16 More Averages 27%
17 1.1 Trillion Student 1 Trillion Parent 17 Trillion US 2.1 Trillion Tuition 24.5 Million Missed Loan Payments 39 Million Students in
18 Examples: 120K in College Default Garnishment No Borrowing Power
19 BEFORE DURING AFTER
20 Solutions: Consumer Education Tools, Resources & Experts Pre-Planning College Selection- Colleges that Pay!
21 Do NOT be come a Stat! Avoiding Trap Means PRO AcAve Planning
22 1.1 Trillion Student 1 Trillion Parent Where are YOU? 2.1 Trillion Tuition NO DEBT! 39 Million Students in
23 CrushCollege.com ü On-Demand Videos ü Reports & e-books ü Access to Experts ü Online Memberships ü Online Coaching ü Much more..
24 Thank You Set up your FREE Consultation Today! Office:
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