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Student Loans

STUDENT LOANS: How deep are you digging? AVERAGE COSTS THE AVERAGE COST PER YEAR FOR 4-YEAR INSTITUTIONS IS $21,479 BOOKS BOARD ROOM TUITION $1,168 $3,937 $4,185 $12,189 CURRENT DEBT MARKET TOTAL STUDENT LOAN DEBT REPRESENTS $956 Billion STUDENT LOAN DEBT HAS GROWN 56% SINCE 2007 Of households headed by someone under 35, 4 in 10 HAVE STUDENT LOAN DEBT DEFAULTING | 13.4% of student loan borrowers defaulted in the first 3 years of repayment 1111 For those attending private, for-profit insitutions, the default rate within the first 3 years is were delinquent at some 40% point in the first 5 years of repayment 22.7% 37% of borrowers who started repayment in 2005 were able to repay their loans on time MOUNTAIN AMERICA CREDIT UNION FOR FINANCIAL EDUCATION RESOURCES, PLEASE VISIT wwW.BLOG.MACU.COM Sources: http://nces.ed.gowprograms/digest/d10/tables/dtio_345.asp http://www.ed.gow'news/press-releases/frst-officlal-three-year-student-loan-default-rates-published

Student Loans

shared by Jordan Yospe on Jun 13
Did you know the average cost for a four year university in the United States including books, tuition, room, and board is $21,479 a year? Assuming a student finishes in the intended four years, his o...


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