Financial Aid

INTERESTING FACTS:

For 2007-08, the national average loan debt for students graduating from four-year public institutions was approximately $20,500.  www.controlyourcredit.gov

2007’s college graduates carried 6% more student loan debt than the class of 2006.  The starting salaries for recent graduates rose only 3% during the same period.  www.bls.gov/oco for starting salaries of occupations.

20 years ago, the average American saved 4-5% of their income.  Today, the savings rate is negative!

300,000 people in the U.S.A. and 900,000 credit cards in circulation.  This is part of the reason why so many people are unable to manage their finances.  If you MUST get a credit card, ONLY GET ONE and pay it in full, each month.   

In 2007, bankruptcy filings increased 40% nationwide.  NOTE: Direct to Consumer loans and Private Student Educational Loans can NOT be discharged in bankruptcy!