The Effects of Financial Aid on Life After Graduation

YGrad %24 THE EFFECTS OF FINANCIAL ATD ON YOUR LIFE AFTER GRADUATION 60% of all students borrow money for college and that takes a toll on their lives after graduation 37 MORE THAN MILLION AMERICANS OWED MORE THAN TRILLION IN STUDENT LOAN OBLIGATIONS LET'S DO SOME SIMPLE MATH YOU'RE JUST BEGINNING YOUR COLLEGE CAREER $30,000 loạn origination fee YOU WILL BORROW A TOTAL OF 1% interest rate 3.86% YOU WILL HAVE TO PAY YOUR STUDENT LOAN LENDERS JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC $321.41 $321.41 $321.41 $321.41 $321.41 $321.41 $321.41 $321.41 $321.41 $321.41 $321.41 * 10 YEAR TOTAL INTEREST PAID OVER THE DECADE 8,569,3O WHATEVER YOU DO, DON'T DEFAULT WHAT CAN HAPPEN IF YOU SHOULD DEFAULT 7 ON YOUR STUDENT LOANS You will be liable for the costs of trying to collect on your loan, including court costs and attorney's fees. IF YOUR LOAN WAS FROM THE FEDERAL GOVERNMENT You may be sued for the entire unpaid loan amount. Your wages may be garnished Your federal and state income tax refunds may be seized Your credit report will take a negative hit, making it difficult for you to borrow money for a home, car, or other purchase. LOAN Future Social Security benefits may be withheld