College Loan Debt: What You Need To Protect Your Kids

Shocking Facts That Prove That 20 College Education Has Become A GIANTA Money Making Scam by Test Score Breakthrough Test Success Systems The Student Loan Debt Bubble College students are borrowing twice as much money 36% %24 as they did a decade ago. of the students who began college in 2001 got a degree within four years. Average yearly tuition is now: $27,293 That figure has grown by 29% in past five years. Today in America, about two-thirds of all college students graduate with student loan debt. $25,000 In 2010, the average college graduate had accumulated approximately $25,000 in student loan debt by graduation day. $1 Trillion Total student loan debt passed the 1 trillion dollar mark in early 2012. Back in 1952, a full year of tuition at Harvard was only $600. Today, it is $35,568. II $600 > $35,568 The cost of college textbooks has The student loan default rate tripled over the past decade. has nearly doubled since 2005. %24 Зx <5 Hours time 35% of U.S. students spend on studying per week. <30 Hours The typical U.S. college student time spent on academics. 24% 51% 7% Time Spent Sleeping Time Spent Socializing Time Spent Studying Number of 30% janitors that % have college degrees. of all college graduates end up taking jobs that don't even require college degrees. > 100,000 Studies show that there are not Enough Jobs For College Graduates. 5.9 million Americans between the ages of 25 and 34 that are living with their parents. %24 Incomes for young Americans just keep falling. Since the year 2000, incomes for graduates between the ages of 25 and 34 have fallen by about 12 percent. %$4 An increasing number of young college women are searching the Internet for "sugar daddies" who will help them pay their college bills. SOURCES: CREATED BY: 1:Student aid debt clock: Test Score Breakthrough Test Success Systems www.teachingsolutions.org http://www.finaid.org/loans/studentloandebtclock.phtml 2:Pew Research Center http://www.pewsocialtrends.org/2011/05/15/is-college-worth-it/ 3:The Economic Policy Institute http://www.post-gazette.com/stories/business/heard-off-the-street/newly-minted-grads-face-loan-loads-294820/ %24