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Have We Been Set Up For Financial Failure?

CK HAVE FIN ANCIAL WE BEEN $ET-UP FOR FAILURE, l@3 Graduates 111 in would have pursued one of the following, if they could do it all again Scholarships $ Financial aid $ Started saving earlier Pursued a higher paying major Worked while in college Why is this? Students aren't being taught enough about financial responsibility. 4. In fact only four states require a class in financial education 650 of 50 Of student loan borrowers misunderstand or are surprised by aspects of their student loans or the student loan process. o 1,000% In the past 3 decades, the cost of a college degree has increased more than Student loans account for the most common form of increasing debt 1,000 percent among ages 18-24 An average of 60% of students graduate with $24,572.45 in student loan debt New Hampshire averages the most Utah averages the least with $32,440 for the average with $17,277 for the average in student loan debt. in student loan debt. 37 million students in America have outstanding student loans which now exceeds $1 trillion 17% are older than 50 40% are under the age of 30 2$ Nearly 42% are between the ages of 30 and 50 Don't get buried Get educated about financial responsibility before you're trapped by the weight of debt Sources: Lexington Law. www.nces.ed.gov www.younginvincibles.org www.asa.org/policy/resources/stats/default.aspx www.americanprogress.org/issues/higher-education/report/2012/10/ 25/42905/the-student-debt-crisis www.thedailybeast.com/newsweek/2011/08/28/what-students-need- to-know-about-their-finances.html This infographic was created by Lexingtonlaw.com, a law firm that helps consumers confront their credit report issues. Of those borrowers

Have We Been Set Up For Financial Failure?

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Students are not being taught enough about financial responsibility. In fact, only FOUR states require a class in financial education. 65% of student loan borrowers misunderstand or are surprised by a...

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