Laura foti dicsussion 4 ignite slides

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Laura foti dicsussion 4 ignite slides

  1. 1. Photo Credit: <a href="http://www.flickr.com/photos/59937401@N07/7214463188/">Images_of_Money</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/licenses/by-sa/2.0/">cc</a> Student Loan Debt Keeps Rising What should I have done before taking out that loan? I should of saved more, applied for more scholarships, Should have went to school in state instead of out of state
  2. 2. Photo Credit: <a href="http://www.flickr.com/photos/51035655291@N01/3136758558/">liber</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/licenses/by-sa/2.0/">cc</a> Nearly 20 million Americans attend college each year Set a goal with a time frame
  3. 3. Photo Credit: <a href="http://www.flickr.com/photos/44124425616@N01/327939900/">Hamed Saber</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/licenses/by/2.0/">cc</a> 37 million student loan have outstanding student loans Summarize the main points: Student Loan debt keeps rising
  4. 4. Photo Credit: <a href="http://www.flickr.com/photos/84894254@N03/10598001346/">Magdalena Roeseler</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/licenses/by/2.0/">cc</a> under 30 age group borrowers the most at 14 million Will I get that better paying job with that degree?
  5. 5. Photo Credit: <a href="http://www.flickr.com/photos/11121568@N06/2638883650/">Alan Cleaver</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/licenses/by/2.0/">cc</a> The average student loan debt for the Class of 2011 was $26,600, a 5% increase from 2010 Preview the three main points that will support your big idea: Exploring all of your options before taking out loans 1) Research 2) Explore other options 3) Understanding the small print, what happens if you miss a payment or default on your loan. The long-term effects this may cause
  6. 6. Photo Credit: <a href="http://www.flickr.com/photos/51643976@N02/9471207911/">Yashna M</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/licenses/by/2.0/">cc</a> ! ! ! ! ! ! ! ! 65% student loan borrowers misunderstood the student loan process Research all options before committing to taking a loan
  7. 7. What are my options? Photo Credit: <a href="http://www.flickr.com/photos/93453114@N00/1106852126/">purpleslog</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/licenses/by/2.0/">cc</a> What are other options before signing your life away? !
  8. 8. Have you considered all options before taking out this loan Do you really understand student loans Ask yourself Should education be free? Why can’t you file bankrupt on student loans? Can we do anything to change the laws on tuition cost?
  9. 9. Understanding the small print what happens if you miss a payment or default on your loan Ask yourself
  10. 10. The long-term effects this may cause Ask yourself
  11. 11. One-third of recent grads, if they could do it all again, would have pursued more scholarships or financial aid options, pursued a major that would have led to a higher paying job, gotten a job while in college and started saving earlier http://www.asa.org/policy/resources/stats/America Student Assistance (n.d) Student Loan Debt Statistics In America. Retrieved March 8, 2014, from Facts I would research each school, tuition, on-campus or online what would be a better option
  12. 12. Photo Credit: <a href="http://www.flickr.com/photos/47691521@N07/6082519811/">opensourceway</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/licenses/by-sa/2.0/">cc</a> feeling like I would never pay this off I am an example of student loan debt feeling like I would never pay this off. !
  13. 13. Photo Credit: <a href="http://www.flickr.com/photos/80497449@N04/8690880347/">Free Grunge Textures - www.freestock.ca</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/ licenses/by/2.0/">cc</a> Set up a plan that you can stick too
  14. 14. Photo Credit: <a href="http://www.flickr.com/photos/97844767@N00/4275674005/">WordRidden</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/licenses/by/2.0/">cc</a> Understand the small print What benefits will I have after paying this off?
  15. 15. Table 1A. Average Published Charges for Full-Time Undergraduates by Type and Control of Institution, 2013-14 (Enrollment-Weighted) Tuition and Fees Room and Board Total Charges Sector 2013-14 2012-13 $ Change % Change 2013-14 2012-13 $ Change % Change 2013-14 2012-13 $ Change % Change Public Two- Year In- $3,264 $3,154 $110 3.5% $7,466 $7,342 $124 1.7% $10,730 $10,496 $234 2.2% Public Four- Year In- $8,893 $8,646 $247 2.9% $9,498 $9,171 $327 3.6% $18,391 $17,817 $574 3.2% Public Four- Year $22,203 $21,533 $670 3.1% $9,498 $9,171 $327 3.6% $31,701 $30,704 $997 3.2% Private Nonprofi t Four- $30,094 $28,989 $1,105 3.8% $10,823 $10,458 $365 3.5% $40,917 $39,447 $1,470 3.7% For- Profit $15,130 $15,060 $70 0.5% — — — — — — — — SOURCE: The College Board, Annual Survey of Colleges. This table was prepared in October 2013. Are you getting the best rate on each loan? Could you consolidate your loans?
  16. 16. Photo Credit: <a href="http://www.flickr.com/photos/50457550@N00/6898950/">Genista</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/licenses/by-sa/2.0/">cc</a> Mapping out a plan What will be the final outcome
  17. 17. Photo Credit: <a href="http://www.flickr.com/photos/26406919@N00/2756494307/">Unhindered by Talent</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/licenses/by-sa/2.0/">cc</a> when will I be done paying this off! Where I am currently with student loan debt and when will I be done paying this off
  18. 18. Photo Credit: <a href="http://www.flickr.com/photos/26373139@N08/5913069484/">kenteegardin</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/licenses/by-sa/2.0/">cc</a> Restate Big Idea: Why is tuition cost keep rising
  19. 19. Photo Credit: <a href="http://www.flickr.com/photos/10508943@N00/158135547/">extranoise</a> via <a href="http://compfight.com">Compfight</a> <a href="http://creativecommons.org/licenses/by/2.0/">cc</a> Call to Action: what will you do after
  20. 20. Further information On Federal Loan Discharge Programs: http://www.asa.org/loan-help/dispute/default.aspx ! ! Further information On Federal Loan Forgiveness Programs: http://www.finaid.org/loans/forgiveness.phtml ! ! Loan Cancellation And Discharge Forms: https://saltmoney.org/content/Forms?Ns=/Form/_/N-17Z4l ! ! Further information On Forgery (Contact Your Local Police And Refer To You State Law): http://statelaws.findlaw.com/criminal-laws/forgery/ All options before taking this loan

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