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Education loans

An In-depth Look at Throughout the past decade, undergradu- ate enrollment and college tuition have continued to increase at a considerable rate. In this scenario, a post-secondary educa- tion wouldn't be affordable without student aid. Find out more: STUDENT FINANCIAL BURDEN NUMBER OF STUDENTS IN Increase in the number of students (1999-2009) Increase in the number of bachelor's degrees: THE U.S. Full-time Part-time Females: + 34% Males: + 32% students: + 45% students: + 28% Education evolution between 1999 and 2009 From 1985 to 1992, undergraduate enrollment rose 18% before declining 2% and stabilizing between 1993 and 1996. Undergraduate enrollment rose 25% between 1997 and 2007 and it continues to rise at a steady rate. 12,000 9,000 ENROLLMENT IN POST-SECONDARY DEGREE-GRANTING INSTITUTIONS 6,000 In thousands | 1980 - 2010 3,000 Private Undergraduate ‚óŹ Public Undergraduate 1980 1985 1990 1995 2000 2005 2010 Estimates Today, a majority of students are taking all of their courses in physical classrooms. But, according to Ambient Insight Chief Research Officer Sam S. Adkins, this situation may change in few years. By a 2014, most of them will probably take some of their classes online. online education Between fall 2010 and fall 2019, enrollment is expected to increase by 14%. Where students are taking Classes (in millions) About 1,696,000 bachelor's degrees are expected to be given out in the 2010-2011 school year. All online 1.25 Some online 10.65 By 2014, there will be 18.65 million students taking classes online and in classrooms. online All in classroom 15.14 AID ELIGIBILITY SOCIAL SECURITY There are some requiri- ments to receive student aid. Students must: Demonstrate finan- cial need (except for certain loans) Have a high school diploma or GED certificate Be a U.S. citizen or eligible noncitizen Have a valid Social Security Number A+ Register with the Selective Service if required. Maintain satisfactory academic progress once in school Certify they haven't defaulted on federal Certify that the federal student aid is only for educational purposes Be enrolled as a student working toward a degree student loans Tuition at colleges and universities is increasing. Fortunately, there is financial aid. Learn more: About 75% of full-time under- FINANCIAL DATA ON STUDENTS graduate college students receive some type of financial aid. Average tuition and fees (2010/2011): In-state public four-year institutions: Public two-year institutions: Private non-profit institutions: uT $7,605 Full-time students receive an %24 Out-of-state public four-year institutions Full-time students uI $19.595 receive an average grant aid of $3,400 average grant aid of $16,000 Private nonprofit four-year institutions III $27,293 Private for-profit institutions $13,935 Grant aid covered the entire tuition and fees for most of low- income dependent students enrolled in public institutions. Public four- year institutions: Average undergraduate aid (2009/2010): $ $11,461 Full-time students receive an average grant aid of $6,100 per full-time equivalent Undergraduate tuition, room and board rates for full-time students (by kind of institution) Undergraduate Student Aid (by source) 4% 8% Student aid comes from several sources. Learn more: In the last decade, undergraduate tuition room and board increased by: 17% O Private and Employer Grants 18% Institutional Grants 2$ State Grants 6% +32% +24% 1% Federal Education Tax Credits and Deductions in public institutions in private institutions 4% O Federal Loans 154.46 billion in undergraduate student aid (2009-2010) O Federal Work-Study Public Institutions Private institutions O Federal Pell Grants Total tuition in thousands of current dollars Federal Grant 43% 30 Programs Other than Pell 25 20 15 10 2000 - 2001 2001 - 2002 2002 - 2003 2003 - 2004 2004 - 2005 2005 - 2006 2006 - 2007 2007 - 2008 2008 - 2009 FINANCIAL FUTURE OF STUDENTS 3 31 How many How much How long does it take to pay the loan Average debt among graduat- ing bachelor's degree recipi- ents at 4-year undergraduate schools in 2009-10: $24,000 The average college grad is paying about $250 or so a month on their loan get a job they earn On average $27,000 10 years in a standard repayment plan About 56% repayment. of graduates Source : http://www.avanse.com/avanse-education-loans/

Education loans

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Avanse Education loans aims at providing financial support to deserving / meritorious students for pursuing higher education in India and abroad. To know more visit : http://www.avanse.com/avanse-educ...

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