## Before you Decide

Before You Decide... Consider two kids who saved for college, one decided to go straight to work the other got their degree. We'l call them Katie and Chris. Katie Chis They both saved in High School and put away $16,594 for school Chris decided to go straight to work with a starting salary of $15,901 Katie decides to take her first two years at a public college and finish her degree at a private school. She ends up spending $49,286 on tuition Employment status of college grads < 25 (2009) 22% Working at jobs that require a college degree Not working 56% 22% Working but not at jobs that required a degree COLLEGE Mean annual Income $26,756 After accounting for grants and what she had saved Katie is left with student debt of $17,450 at a 5% interest $15,896 rate From 18 Chris decides to put away 5% of his after tax income into savings, we assume it returns 8% a year. 4 years later .... (This is actually an understatement it takes most students 5-6 years to finish their degree) Individual Savings 1,400,000 Katie will earn more her entire life (starting at $23,505) but following Chris' strategy of saving 5% of net income it will take her 12 years to pay off her debt. High School Diploma (Chris) 1,200,000 1,000,000 College Degree (Katie) 800,000 600,000 400,000 200,000 18 25 30 35 40 45 50 55 60 65 Starting his savings earlier gave Chris a huge advantage in the long run. "Numbers used are averages for American's Katie isn't alone. Millions of students and recent grads are burdened by debt... 7.2% of students drop out of college due to financial 85% of 4.6 ( students plan to move back home after graduation pressures The percentage tuition has gone up since 1978 Average number of credit cards per student 900 $3,173 Average credit card debt carried by an undergrad Billion dollars, The amount of outstanding student loan debt by: @brocjpach stats were taken from "Is a College Degree worthless' by Jack Hough *Online Article and http://bit.ly/jcDris Before You Decide... Consider two kids who saved for college, one decided to go straight to work the other got their degree. We'l call them Katie and Chris. Katie Chis They both saved in High School and put away $16,594 for school Chris decided to go straight to work with a starting salary of $15,901 Katie decides to take her first two years at a public college and finish her degree at a private school. She ends up spending $49,286 on tuition Employment status of college grads < 25 (2009) 22% Working at jobs that require a college degree Not working 56% 22% Working but not at jobs that required a degree COLLEGE Mean annual Income $26,756 After accounting for grants and what she had saved Katie is left with student debt of $17,450 at a 5% interest $15,896 rate From 18 Chris decides to put away 5% of his after tax income into savings, we assume it returns 8% a year. 4 years later .... (This is actually an understatement it takes most students 5-6 years to finish their degree) Individual Savings 1,400,000 Katie will earn more her entire life (starting at $23,505) but following Chris' strategy of saving 5% of net income it will take her 12 years to pay off her debt. High School Diploma (Chris) 1,200,000 1,000,000 College Degree (Katie) 800,000 600,000 400,000 200,000 18 25 30 35 40 45 50 55 60 65 Starting his savings earlier gave Chris a huge advantage in the long run. "Numbers used are averages for American's Katie isn't alone. Millions of students and recent grads are burdened by debt... 7.2% of students drop out of college due to financial 85% of 4.6 ( students plan to move back home after graduation pressures The percentage tuition has gone up since 1978 Average number of credit cards per student 900 $3,173 Average credit card debt carried by an undergrad Billion dollars, The amount of outstanding student loan debt by: @brocjpach stats were taken from "Is a College Degree worthless' by Jack Hough *Online Article and http://bit.ly/jcDris Before You Decide... Consider two kids who saved for college, one decided to go straight to work the other got their degree. We'l call them Katie and Chris. Katie Chis They both saved in High School and put away $16,594 for school Chris decided to go straight to work with a starting salary of $15,901 Katie decides to take her first two years at a public college and finish her degree at a private school. She ends up spending $49,286 on tuition Employment status of college grads < 25 (2009) 22% Working at jobs that require a college degree Not working 56% 22% Working but not at jobs that required a degree COLLEGE Mean annual Income $26,756 After accounting for grants and what she had saved Katie is left with student debt of $17,450 at a 5% interest $15,896 rate From 18 Chris decides to put away 5% of his after tax income into savings, we assume it returns 8% a year. 4 years later .... (This is actually an understatement it takes most students 5-6 years to finish their degree) Individual Savings 1,400,000 Katie will earn more her entire life (starting at $23,505) but following Chris' strategy of saving 5% of net income it will take her 12 years to pay off her debt. High School Diploma (Chris) 1,200,000 1,000,000 College Degree (Katie) 800,000 600,000 400,000 200,000 18 25 30 35 40 45 50 55 60 65 Starting his savings earlier gave Chris a huge advantage in the long run. "Numbers used are averages for American's Katie isn't alone. Millions of students and recent grads are burdened by debt... 7.2% of students drop out of college due to financial 85% of 4.6 ( students plan to move back home after graduation pressures The percentage tuition has gone up since 1978 Average number of credit cards per student 900 $3,173 Average credit card debt carried by an undergrad Billion dollars, The amount of outstanding student loan debt by: @brocjpach stats were taken from "Is a College Degree worthless' by Jack Hough *Online Article and http://bit.ly/jcDris Before You Decide... Consider two kids who saved for college, one decided to go straight to work the other got their degree. We'l call them Katie and Chris. Katie Chis They both saved in High School and put away $16,594 for school Chris decided to go straight to work with a starting salary of $15,901 Katie decides to take her first two years at a public college and finish her degree at a private school. She ends up spending $49,286 on tuition Employment status of college grads < 25 (2009) 22% Working at jobs that require a college degree Not working 56% 22% Working but not at jobs that required a degree COLLEGE Mean annual Income $26,756 After accounting for grants and what she had saved Katie is left with student debt of $17,450 at a 5% interest $15,896 rate From 18 Chris decides to put away 5% of his after tax income into savings, we assume it returns 8% a year. 4 years later .... (This is actually an understatement it takes most students 5-6 years to finish their degree) Individual Savings 1,400,000 Katie will earn more her entire life (starting at $23,505) but following Chris' strategy of saving 5% of net income it will take her 12 years to pay off her debt. High School Diploma (Chris) 1,200,000 1,000,000 College Degree (Katie) 800,000 600,000 400,000 200,000 18 25 30 35 40 45 50 55 60 65 Starting his savings earlier gave Chris a huge advantage in the long run. "Numbers used are averages for American's Katie isn't alone. Millions of students and recent grads are burdened by debt... 7.2% of students drop out of college due to financial 85% of 4.6 ( students plan to move back home after graduation pressures The percentage tuition has gone up since 1978 Average number of credit cards per student 900 $3,173 Average credit card debt carried by an undergrad Billion dollars, The amount of outstanding student loan debt by: @brocjpach stats were taken from "Is a College Degree worthless' by Jack Hough *Online Article and http://bit.ly/jcDris Before You Decide... Consider two kids who saved for college, one decided to go straight to work the other got their degree. We'l call them Katie and Chris. Katie Chis They both saved in High School and put away $16,594 for school Chris decided to go straight to work with a starting salary of $15,901 Katie decides to take her first two years at a public college and finish her degree at a private school. She ends up spending $49,286 on tuition Employment status of college grads < 25 (2009) 22% Working at jobs that require a college degree Not working 56% 22% Working but not at jobs that required a degree COLLEGE Mean annual Income $26,756 After accounting for grants and what she had saved Katie is left with student debt of $17,450 at a 5% interest $15,896 rate From 18 Chris decides to put away 5% of his after tax income into savings, we assume it returns 8% a year. 4 years later .... (This is actually an understatement it takes most students 5-6 years to finish their degree) Individual Savings 1,400,000 Katie will earn more her entire life (starting at $23,505) but following Chris' strategy of saving 5% of net income it will take her 12 years to pay off her debt. High School Diploma (Chris) 1,200,000 1,000,000 College Degree (Katie) 800,000 600,000 400,000 200,000 18 25 30 35 40 45 50 55 60 65 Starting his savings earlier gave Chris a huge advantage in the long run. "Numbers used are averages for American's Katie isn't alone. Millions of students and recent grads are burdened by debt... 7.2% of students drop out of college due to financial 85% of 4.6 ( students plan to move back home after graduation pressures The percentage tuition has gone up since 1978 Average number of credit cards per student 900 $3,173 Average credit card debt carried by an undergrad Billion dollars, The amount of outstanding student loan debt by: @brocjpach stats were taken from "Is a College Degree worthless' by Jack Hough *Online Article and http://bit.ly/jcDris Before You Decide... Consider two kids who saved for college, one decided to go straight to work the other got their degree. We'l call them Katie and Chris. Katie Chis They both saved in High School and put away $16,594 for school Chris decided to go straight to work with a starting salary of $15,901 Katie decides to take her first two years at a public college and finish her degree at a private school. She ends up spending $49,286 on tuition Employment status of college grads < 25 (2009) 22% Working at jobs that require a college degree Not working 56% 22% Working but not at jobs that required a degree COLLEGE Mean annual Income $26,756 After accounting for grants and what she had saved Katie is left with student debt of $17,450 at a 5% interest $15,896 rate From 18 Chris decides to put away 5% of his after tax income into savings, we assume it returns 8% a year. 4 years later .... (This is actually an understatement it takes most students 5-6 years to finish their degree) Individual Savings 1,400,000 Katie will earn more her entire life (starting at $23,505) but following Chris' strategy of saving 5% of net income it will take her 12 years to pay off her debt. High School Diploma (Chris) 1,200,000 1,000,000 College Degree (Katie) 800,000 600,000 400,000 200,000 18 25 30 35 40 45 50 55 60 65 Starting his savings earlier gave Chris a huge advantage in the long run. "Numbers used are averages for American's Katie isn't alone. Millions of students and recent grads are burdened by debt... 7.2% of students drop out of college due to financial 85% of 4.6 ( students plan to move back home after graduation pressures The percentage tuition has gone up since 1978 Average number of credit cards per student 900 $3,173 Average credit card debt carried by an undergrad Billion dollars, The amount of outstanding student loan debt by: @brocjpach stats were taken from "Is a College Degree worthless' by Jack Hough *Online Article and http://bit.ly/jcDris

# Before you Decide

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