Transcribed

Getting a Degree without Breaking the Bank

GETTING A DEGREE WITHOUT BREAKING THE BANK WITH COLLEGE COSTS CONSISTENTLY OUTPACING THE RATE OF INFLATION, MANY STUDENTS ARE THINKING TWICE WHEN IT COMES TO GOING TO COLLEGE. LET'S EXPLORE THE NUMBERS STUDENTS ARE UP AGAINST TODAY AND HOW TO MAKE HIGHER EDUCATION MORE AFFORDABLE. COLLEGE IS EXPENSIVE - AND WE GO INTO DEBT TO FUND IT $23,000 ABOUT $88,00 $1 trillion AVERAGE COST of a four-year degree Average student LOAN BALANCE in 2012 TOTAL OUTSTANDING U.S. STUDENT LOAN DEBT, that's more than the national GDPS of Australia, Saudi Arabia, Taiwan, Poland and hundreds of other countries. Who's borrowing? Student loan borrowers by age 396 20.9% LATE 148 $85 billion OUNDER 30 O30-39 140-49 I 50-59 060 AND OVER OUNKNOWN Student loans PAST DUE STUDENT LOAN BORROWERS BY BALANCE (37 MILLION BORROWERS) 2.3% 1.9% 0.7% 0.5% FEDER LRESERVENC TE THE UNITE STATES OFANERICA THIS NOTE IS LEGAL TENCR SPUSIC AND PRIVATE Cal230251 D 43.1% 29.2% 16.5% C81230251 D 3 le larkado ahal ON ED OLLAR OSAA $1-$10,000 $10,000-$25.000 $25,000-$50,000 $50.000-$75.000 $75.000-$100,000 $100,000-$150,000 $150,000-$200,000 Greater than $200,000 1 out of 3 STARTING EARLY GRADUATES WHO WISHED they'd pursued more scholarships and financial aid options HIGH-SCHOOLERS ARE STEPPING IT UP TO SAVE MONEY. THEY'RE ADDING TO THEIR ALREADY-HEAVY STUDY LOAD BY TAKING ADVANTAGE OF DUAL-CREDIT PROGRAMS, WHICH ALLOW STUDENTS TO RECEIVE UP TO TWO YEARS OF THEIR COLLEGE FOR FREE OR AT A SIGNIFICANTLY REDUCED RATE. 67% 1.3 million 8 out of 10 NUMBER OF HIGH SCHOOL HIGH SCHOOLS that offer HOW MUCH PORTLAND HIGH STUDENTS who took classes university-level classes for university credit before completing high school (2010-2011) SCHOOL STUDENTS SAVE PER CLASS by taking college Courses in high school though Portland State University TIPS FOR SAVING ON COLLEGE CONSIDER STAY IN STATE $27.250 COMMUNITY STAY ON TRACK Don't pay for an extra semester, which can COLLEGE $11,000 ANNUAL AMOUNT A MICHIGAN RESIDENT can save attending school in Ann Arbor vs. a non-Michigan resident average around POTENTIAL SAVINGS by taking general education courses at community college $10,000 FOR RENT Special OFFER TEXTBOOKS BUY OR RENT USED TEXTBOOKS and sell last semester's books LIVE CHEAPER back; use e-books IDENTIFY STUDENT BECOME A RESIDENT DISCOUNTS Many retailers, restaurants and even Amtrak offer student ADVISER. Many get free room and board which can save $1.168 discounts. Apple offers up to $200 off new computers to students. $7.500-S9.000 AVERAGE AMOUNT PER YEAR. SPENT ON BOOKS and supplies at public four-year colleges SOURCES http://nces.ed.gov -http://money.msn.com - http://www.asa.org - http://libertystreeteconomics.newyorkfed.org - http://hechingerreport.org http://www.nasfaa.org - http://www.affordablecollegesonline.org - http://www.usnews.com - http://www.fastweb.com http://www.scholarships.com -http://www.statisticbrain.com - http://www.forbes.com - http://www.indstate.edu http://www.collegedata.com - http:/l/www.cia.gov BESTVALUESCHOOLS.COM

Getting a Degree without Breaking the Bank

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There’s no two ways about it: College is expensive. From books and supplies to rent and tuition, students are struggling with more debt than ever before. An average college degree costs $88,000, a... nd leaves a student $23,000 in debt. With $1 trillion in outstanding student loans across the nation, it’s no surprise that college enrollment is on the decline.www.bestvalueschools.com has created an infographic explaining the high costs of college, and gives you tip on how to save the most on your degree. The majority of college students carry some sort of student debt well beyond their college years, and 1 in 3 students wishes that they’d pursued more financial aid options and scholarship opportunities during their college career. Many high schools are attempting to give students a leg-up when it comes to college by offering dual-credit classes. If all of the classes available are taken, a student may complete two whole years of college for free-or at a significantly reduced rate. 8 out of 10 high schools now offer these dual-credit classes. This infographic also details a few other wonderful ways to save on a college education, including completing two years of general education courses at a community college, staying in state, and completing classes on time to avoid extra semesters. Students should also be made aware of discounts in their communities for students, save money on rent by becoming a resident student adviser, and save loads of cash on their supplies by buying used books for their classes, and re-selling them once the class has been completed. Feel free to like, share, and comment on this infographic from www.bestvalueschools.com entitled “Getting a Degree without Breaking the Bank”.

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Best Value Schools