Student loan debt in the US has surpassed $1 trillion and exceeds the total amount of credit card debt. College graduates on average owe $30,000 in student loans upon graduating. The document discusses the importance of budgeting and financial planning in college to avoid debt problems after graduation. It provides tips on budgeting, finding scholarships, and the consequences of defaulting on student loans.

1. More Spending(now) = More Problems
(later)

2. Student loan debt is now
weighing in at more than
then $1BILLION DOLLARS,
Which is more than the total
amount that Americans owe
on their credit cards
College graduates leave
college with an average
of 30,000 dollars in
student loan debt.
According to USA TODAY

3. My Credibility comes from
Working and volunteering as a financial advocate, for services
rendered with men and women graduating a personal recovery
program. Whether the services were school, work, or available monies
in the community my job was to help get people back on their feet.

4. Why should you care about what I have to say……
 Ignorance in your financial future is NOT
BLISS.
 Education in this area can change your
life. Literally.

5. What you do financially in college will
affect your for years after you graduate.
Start your financial future today
*Budget
*Inflation
*There's an app for that
*Scholarships
*Even if your not a genius
* Questions about a scholarship
If Not today by next Fall
*How can debt effect my future
*Unable to pay? Not pretty
*There is a solution….
What if…..

6. BUDGETING BASICS
According to studentaid.ed.gov
1. Determine a Time Span for Your Budget
2. Choose a Tool to Help You Manage Your Budget
3. Review Your Monthly Income
4. Identify and Categorize Your Expenses
5. Save for Emergencies
6. Balance Your Budget
7. Maintain and Update Your Budget
*Budget example* from page
146 of Acc student handbook*

7. Inflation
Inflation is the
rate in which the
price of living
rises.

8. Is there an app for budgeting?
Websites
 Mint.com
 Youneedabudget.com
Apps
 Level Money
 BUDGT
 Spendee
 Expense Manager
 Mint
• DON’T GET SCAMMED!!!*
You should never have to pay to apply for a scholarship.

9. Start to lower your
financial burden TODAY!
Top 5 Scholarship sites according to USA
Today
 Zinch.com
 Fastweb.com
 ScholarshipPoints.com
 Cappex.com
 Scholarships.com
Finances 101

10. U.S. Department of
Education
(800) 433-3243

11. What happens when you default your
student loans.
• The IRS can intercept any and
all tax refunds owed to you
until they are paid off.
• The Government can and will
garnish you paycheck.
• Your federal benefits such as
social security can be denied.
• You can be sued for the
money owed.
Fact
Filling bankruptcy does not cover
student loans. So, Spend your loans
wisely.

12. Forty million Americans now
have at least one
outstanding student loan,
with an average balance of
$29,000
You can begin to obtain financial
freedom before you graduate.
BUT…..
Brendan Coughlin, president of
education finance at Citizens, advises
students to look at a school's
graduation rate, the employment rate
for recent grads, and how much
different majors are earning.

13. Solution
 Find out what type of
student loan you have.
The answer will inform
your repayment
options and more.
 www.nolo.com/legal-encyclopedia/
student-loan/
 Takes you through the whole quagmire of student loan
debt,
 www.studentaid.ed.gov
 The Department of Education's Federal Student Aid
office provides information about student loans, loan
repayment plans, loan forgiveness ,postponing
repayment of your loans, and more.
 www.studentloanborrowerassistance.org
 This project of the National Consumer Law Center is
dedicated to helping consumers who already have
student loans. The website has lots of information on,
getting out of default.
 www.nslds.ed.gov
 U.S. Department of Education's central database for
student aid
 www.ombudsman.ed.gov
 This office, run by the Department of Education, helps
borrowers with student loan problems.
 Debthttp://projectonstudentdebt.org
 This website provides tips on student loan debt,
describes fees and rates, compares private loans to
government loans, and more. It also has recent news
about student loans and student loan & legislation,
state-by-state statistics on student loan debt

14. “My advice is to never do tomorrow
what you can do today.
Procrastination is the thief of time ―
Charles Dickens
If you can start today ….. There is not time like the present.