COLLEGE DEBT

WHAT IS COLLEGE DEBT?

• Money owed on a loan taken out to pay for education expenses.

• With college prices increasing the only option to pay for college is through
student loans.
AVERAGE COSTS

• Private schools – $33,480

• Out-of-state schools- $24,930
• State resident schools – $9,650
Problems with Student Debt
PROBLEMS WITH STUDENT DEBT

• Debt is up to $1.3 trillion out of the $20 trillion debt in the U.S.
• $1.3 Trillion is 6.5% of the national debt
• 44 million people have student loans which also accumulates for the individual's who are out of school,
and those attending.
• Students are facing an ever climbing debt with each year the price of college is going up.
THE BORROWERS

• The debt is divided among people with the majority of students in

college having about $10,000 to $50,000 in student debt.

• Students in debt don’t have many options which would explain why
the overall debt is increasing.
Solutions
PART-TIME JOBS

• Averages a 19 hour week

• Flexible hours
• Works around classes
• Future job upon graduation
WHERE TO FIND JOBS

• Local retail
• Local food stores ex: Shaws, Whole Foods etc.
• In home ex: childcare
• Work Study
REALISTIC ASPECTS OF JOBS

• A part-time job will benefit the individual

• Provides a career starting point
• Provides constant income
• Provides saving/spending needs
INTERNSHIPS

• Paid or not paid

• Builds experience and networking skills
• Experience through internship will set the individual apart from the rest
INTERN BENEFITS

• Strike the attention of the higher ups

• Put in that extra 10%
• Showing your work ethic and personality can potentially ensure
you a job upon graduation.
 • Private Schools
• Not 100% free
• Long process

FREE TUITION
STUDENT LOAN
FORGIVENESS

• Government decision to take away debt

• Success for individual increases

• Qualifications are required

JOINING THE MILITARY

• Serve variable number of years

• Military covers a large portion of student loans

• Added benefits
 TEACHING IN
URBAN AREAS
WHAT CAN BE DONE

• According to Bob Bryan from Business Insider the United States has surpassed 20 trillion in debt.

• Currently the United States has $22 trillion.

• While this is horrific to individuals currently in college there are solutions to this problem.
HOW TO APPLY THIS INFORMATION
• Internships allow students to develop a clearer understanding of what their ideal job would be.

• Part time jobs give the individual a steady flow of income.

• According to Beth B. Hering writer for CNN, internship programs provide the individual with the ideal
opportunity for a future job.

• Some benefits of internship programs allow the student to network, establish relationships with
mentors, and the possibility of college credit or a certification.
FOR THOSE WHO ARE INTERESTED in a Specific
College

• While Student Loan Forgiveness only covers a certain number of individuals another option is to join
the military.
• United States Air Force Academy
• United States Coast Guard Academy
• United States Merchant Marine Academy
• United States Military Academy
• United States Naval Academy
FREE TUITION

• According to Katy Hopkins from US News these colleges offer free tuition:
• Alice Lloyd College (KY)
• Berea College (KY)
• Barclay College (KS)
• Curtis Institute of Music (PA)
• Deep Springs College (CA)
DEAN COLLEGE PARTNERSHIPS/PROGRAMS
• Dance Abroad Argentina

• Kraft Sports Group

• New England Revolution

• Pawtucket Red Sox

• Boston Cannons
• Providence Bruins
• WEEI 93.7FM