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1.1 Trillion Student 1 Trillion Parent 17 Trillion US 2.1 Trillion Tuition 24.5 Million Missed Loan Payments 39 Million Students in
COLLEGE DEBT ENVIRONMENT
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
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
Average College? 25k
What is Counted? Other Types of Loans Private Student Loans Federal Federal Stafford Stafford Loan Loan Federal PLUS Loans
College Funding College Admissions College Success College Readiness Financial Aid & Scholarhsips College
Where will you be? $95,000 Total $27,000 Total $34,50 Total $70,000 Total
COLLEGE TIMELINE & LOAN OPTIONS
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
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 $10,000 10 Years 3-8% Zero $2,437 You may qualify for Federal $10,000 10 Years 3.41% 1.0% $4,020 student loans. We encourage students to exhaust Federal $10,000 10 Years 6.41% 4% $5,100 student loan options before applying for a Private student $10,000 10 Years 5.0% $0 $2,728 loan, as Federal loans are often $10,000 10 Years 3.7%? $1,989 less expensive and offer the May 1 st June 1 st widest variety of repayment $10,000 10 Years 0% $60 $60 options.
Compare your Options: Know your Funding Options Well Ahead of Time! Amount Term % Fee Cost Private Student Loans $10,000 10 Years 3-8% Zero $2,437 Federal Stafford Loan $10,000 10 Years 3.41% 1.0% $4,020 Federal PLUS Loan $10,000 10 Years 6.41% 4% $5,100 Federal Perkins Loan $10,000 10 Years 5.0% $0 $2,728 Home Loan Tuition Payment Plan $10,000 10 Years 3.7%? $1,989 May 1 st June 1 st $10,000 10 Years 0% $60 $60
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
More Averages 27%
1.1 Trillion Student 1 Trillion Parent 17 Trillion US 2.1 Trillion Tuition 24.5 Million Missed Loan Payments 39 Million Students in
Examples: 120K in College Default Garnishment No Borrowing Power
BEFORE DURING AFTER
Solutions: Consumer Education Tools, Resources & Experts Pre-Planning College Selection- Colleges that Pay!
Do NOT be come a Stat! Avoiding Trap Means PRO AcAve Planning
1.1 Trillion Student 1 Trillion Parent Where are YOU? 2.1 Trillion Tuition NO DEBT! 39 Million Students in
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