Students are borrowing more money to attend college and having a harder time repaying their debt, according to a new report from the National Center for Education Statistics.
This analysis looked specifically at three groups of undergraduate students who finished their degrees in 1992-93, 1999-2000, and 2007-08 to compare their borrowing and repayment patterns.
Click Here to See the Video!!!!
Researchers found:
The percentage of college graduates who borrowed for their undergraduate education increased over time from 49 percent in 1993 to 64 percent in 2000 and 66 percent in 2008.
The average cumulative debt of graduates was $15,000 for 1993 graduates, $22,400 for the 2000 cohort, and $24,700 for those who completed in 2008.
The rate of borrowing was highest for students at for-profit colleges in all three groups.
Within a year of graduation, 65 percent of 1993 students were repaying their loans compared with 66 percent in 2000 and 60 percent in 2009.
About 22 percent of students in repayment in 1993 had monthly loan payments that were more than 12 percent of their monthly income. In 2000, that percentage was 18 percent and in 2008 it was 31 percent. (Financial advisers recommend that students not owe more than 8 to 10 percent of the monthly income, the report notes.)
The data analyzed in the Oct. 17 report came from the NCES Baccalaureate and Beyond Longitudinal Study.
There’s a system in the market that can help you with that student loan, many students are getting involve with this system, of course, discipline are requirement to have a successful story. This system is helping college students to generate money and this money is a RESIDUAL INCOME where they are building it way up and ending college with no student loans. You may ask yourself what I”m talking about right! It’s simple this system is called Wake Up Now.
Click Here to See the video!!!!
What is Wake Up Now??
Wake Up Now is a company that provides amazing savings on the things you buy most.
Wake Up Now is honestly changing the way that Top MLM earners are thinking about the industry. There is literally no quicker way to have success in MLM than with a rock solid company; I personally think that Wake Up Now is the best choice if you are considering an income opportunity.
Here are just some of savings you can enjoy:
Wake Up Nowacation Discounts of 50%-90%
Grocery Coupons
Exclusive Retail Shopping Discounts (Walmart, BestBuy, Macy’s & Over 1,000 Retailers)
A 22% Discount on Verizon or AT&T Cell Phone Bill
3 Free Magazine Subscriptions of Your Choice
But Wake Up Now is a lot more than just a savings club. They provide software solutions for a better life. Included in the Wake Up Now membership are the following software products that can change the way you live your life:
Learn more about Wake up now!!!
Tax Bot: Created by former IRS training and current CPA and tax attorney Sandy Botkin, Taxbot is a iOS, Android and web application that keeps track of business spending. It is 100% IRS compliant and taps into your phone’s GPS system to track business miles driven as well as uses your phone’s camera to take pictures of receipts for filing purposes.
Finance: A revolutionary program that integrates with your bank accounts and debt accounts and creates a plan to get out of debt in half the time.
TellMeMore: Award winning language learning software used by the likes of Coca-Cola, Barclays, Adidas, Ford and other fortune 500 companies for training their employees to learn a new language.
Invisus Protect: Whole identity monitoring and restoration services as well as virus protection for your PC.
