Students are not being taught enough about financial responsibility. In fact, only FOUR states require a class in financial education. 65% of student loan borrowers misunderstand or are surprised by aspects of their student loans or the student loan process. Don’t get buried — get educated about financial responsibility before you’re trapped by the weight of debt.

1. FINANCIAL
FAILURE
HAVE
WE BEEN
$ET-UP FOR
Of student loan borrowers
misunderstand or are
surprised by aspects of
their student loans or the
student loan process.
65 %
$$$
In the past 3 decades, the
cost of a college degree
has increased more than
1,000 percent
1,000%+
would have pursued one of the following, if they could do it all again
1 3 Graduatesin
Started saving earlierFinancial aidScholarships
Pursued a higher
paying major
Worked while
in college
Why is this?
Students aren’t being taught enough
about financial responsibility.
Don’t get buried
Get educated about financial
responsibility before you’re
trapped by the weight of debt
In fact
only four states
require a class in
financial education
Student loans account
for the most common
form of increasing debt
among ages 18-24
4
50
of
37 million students in America
have outstanding student loans which now exceeds $1 trillion
$24,572.45in student loan debt
An average of 60%
of students graduate with
with $17,277 for the average
in student loan debt.
Utah averages the least
with $32,440 for the average
in student loan debt.
New Hampshire
averages the most
40% are under
the age of 30
17% are older than 50
Nearly 42% are
between the ages of
30 and 50
Ofthoseborrowers
Sources:
www.nces.ed.gov
www.younginvincibles.org
www.asa.org/policy/resources/stats/default.aspx
www.americanprogress.org/issues/higher-education/report/2012/10/
25/42905/the-student-debt-crisis
www.thedailybeast.com/newsweek/2011/08/28/what-students-need-
to-know-about-their-finances.html
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