Finding Relief Amidst the Student Debt Crisis

USSLS * * * * * * * * * * * ★ * US STUDENT LOAN SERVICES Presented to You by USSLS.org. Call 888.733.9212 to see how vwe can help you. FINDING RELIEF AMIDST THE STUDENT DEBT CRISIS 70% of the Class of 2013 will graduate with student loan debt GROWTH IN DEBT AT GRADUATION FAR OUTSTRIPS INCOME GROWTH 50 45 40 35 30 Median Income of College Graduate 25 15 208% 10 Average Student Debt at Graduation + '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 TIME ISN'T MAKING THINGS BETTER Delinquency Rate Amongst Age Groups 12% 9.4% |9.5% Borrowers Borrowers Borrowers Borrowers in their 30'S in their 40'S in their 50'S in their 60's $1.1 TRILLION $101.8 BILLION DOE Profits from Last 5 Years 2nd Õutstanding Student Loan Debt Behind Mortgages in Consumer Debt MORE STAGGERING FACTS ABOUT THE CRISIS 29% Loan Debt Tripled Between '04 & '13 of borrowers drop out of school 37 27K MILLION, Avg. Student Loan Debt Americans w/ student debt from 1989 2X housholds w/ 1 in 5 student debt (2010) of Loans in 26% Deferment. Forbearance, or Default IN 10 YEARS Median Income of College Graduate the average amountof debt college students leave school with will = the median salary of a recent graduate Average Student Debt at Graduation 2023 EXPLORE YOUR OPTIONS Consolidate Your Federal Loans Most federal loans are eligible for consolidation, including Direct Loans, Federal Stafford Loans, PLUS Loans, Perkins Loans, Nursing Loans, and More. LOWER YOUR PAYMENTS BY UP TO 60% consolidation (Federal Loans) EXTEND YOUR PAYMENT TERM FINDING RELIEF Consolidate Private Loans, Private loans should always be consolidated separately than federal loans. Consolidating pri- vate loans can bring down your APR to a more affordable fixed interest rate. Affordable Payments There are numerous programs tO help you get back on track with your payments and prevent default on your loans. This includes income-based repayment, extend- ed repayment, and more. By far the easiest is typicaly to consolidate your loans. Public Service Oan Forgivenes RATES AS LOW AS 4.25% QUALIFY FOR $0.00 MONTHLY PAYMENTS Qualify For Student Loan Forgiveness For those who work in public service, such as Teachers, Nurses, and Police Men, you may qualify for loan forgiveness after making 120 qualifying payments. Presented to You by USSLS.org. Call888.733.9212 to see how we can help you. Sources 1. http://wallstcheatsheet.com/stocks/6-scary-facts-about-stu- dent-loans-that-will-depress-you.html/?a=viewall 2. http://www.fastweb.com/financial-aid/articles/3930-shocking-student-debt-statistics 3. http://www.theatlantic.com/business/archive/2013/08/our-stu- dent-loan-system-is-broken-and-these-new-statistics-prove-it/278453/ 4. http://www.consumerfinance.gov/blog/a-closer-look-at-the-trillion/ 5. http://www.huffingtonpost.com/2013/07/10/student-loan-debt-median-income 3573683.htm- #slide=1103478 6. http://www.hamiltonplacestrategies.com/sites/default/- files/newsfiles/The%20Economics%20of%2OStudent%20Debt pdf USSLS * * * * * * * * * * * * * US STUDENT LOAN SERVICES Dollars (2011, O00's) Repayment Plans Loan nCOte Loangtion