Student Loan Crisis

Student Loan Crisis Real wages for many American families are stagnant while the cost of college is rising dramatically. The result is an explosion of debt as students borrow more to finance degrees. USEA can help you pay off student debt STUDENT LOAN DEBT EXPLODES t70% †300% 2000: $10,820 2011: $18,497 Student debt is crippling college graduates. ANNUAL COST TO ATTEND COLLEGE 1921 2003 2013 $253 billion $1.08 trillion WAGES FLAT, COLLEGE EXPENSES SOAR f104% Cost of Callege In Constant Dollars 4.02% Real Wages In Constant Dollars 1988 2008 2003 2013 The average owed on student loans has nearly doubled, from $10,649 to $20,326. The share of 25-year-olds with student debt increased from 25% to 43% in just ten years. 191% 56% 60% 67% 64% N/A 70% TAKING A BITE OUT OF INCOME 60% -74% 65% 60% - 66% 78% 68% 47% 62% -61% 71% 70% -65% 41% 63% 69% 50% 64% 54% 56% 64% 1994 49% 52% 59% 63% 52% 62% 59% 58% 54% 61% 53% 55% 2001 59% 55% 57% 59% 53% 56% 2009 62% 48% The percentage of students who graduate with student debt varies by state, from less than half to more than three-quarters. 51% Student debt is a growing percentage of annual income. PERCENTAGE OF GRADS WITH DEBT The rate of delinquencies on student loans has CREDIT THREAT almost doubled in 11.5% Falling behind on student loans is a score killer that 2013 the past decade. can seriously damage REPAYMENT your credit. 6.2% 35% 2003 FICO SCORE FACTORS GET OUT OF DEBT FASTER AND SAVE MONEY ON INTEREST WITH USEA JANUARY FEBRUARY MARCH APRIL DEBT FREE DEBT FREE DEBT FREE DEBT FREE $2,100 MAY JUNE JULY AUGUST MON MOND MOND MOND DEBT FREE DEBT FREE DEBT FREE DEBT FREE SEPTEMBER OC TOBER Savings calculated based on current average NOVEMBER DECEMBER student loan debt of $51,223 for a Masters DEBT FREE DEBT FREE DEBT FREE degree, with an interest rate of 6.8% on a DEBT FREE ten-year loan paid off in nine years. SAVE TIME SAVE MONEY SAVE YOUR CREDIT FICO By enrolling in US Equity Advantage® Auto PayPlus", you'll pay half your monthly loan payment every two weeks. With loan acceleration and automated payments, you'll save on interest, be debt free sooner, safeguard your credit, and strengthen your financial future. TM USEquity Advantage® SOURCES: time.com/10577/student-loans-are-ruining-your-life-now-theyre-ruining-the-economy-toa www.businessweek.com/articles/2014-01-16/student-loans-the-next-big-threat-to-the-u-dat-s-dot-econamy www.newyorkfed.org/hewsevents/mediaadvisory/2013/Lee022813 pdf ww.huffingtonpost.com/201010/22/states-where-students-are_n_772504.html - s1631 56& title=Maine 29143_ maney.cnn.com/interactive/pf/callege/student-debt-map-2012/7id=ELd. nces.ed.gowpubs2014/2014011.pdf www.nytimes.com/2014/02/20businessleconamy/the-hefty-yake-of-student-oan-debt.html?_r=0 www.myfico.com/crediteducationAvhatsinyourscore.aspx