Total debt per person in the U.S. is approximately $50,000.
This module teaches students how to:
About half of borrowers in undergraduate programs report that they could have financed their studies while using less credit, estimating that they had over-borrowed by more than $11,000 per student on average.
This module teaches students how to:
With borrowers facing an average student loan debt of $30,000 at graduation, planning ahead is more important than ever to student and career success.
This module encourages a proactive approach to managing student loans. It shows students how they can minimize their overall expenses by keeping track of their student loan balances and estimating their future finances. Students will gain knowledge on how to:
The cost of pursuing a postsecondary degree has easily outpaced inflation over the past decade, increasing more than 5 percent each year on average.
This module helps students make the most of their financial resources, including how to:
Credit card debt in the U.S. exceeded $1 trillion at the end of 2016, the most since the previous record amount was reduced by the Great Recession and subsequent bankruptcies. Households that carry credit card debt owe, on average, more than $16,000.
This module helps students make good decisions about a form of payment that has become a way of life. It teaches them:
According to a recent study, roughly half of first-year students have much more student debt than they realize. In fact, about 30 percent wrongly believed they had no federal student loan debt.
This module raises awareness about the challenges and opportunities of paying for college. It teaches students how to:
By far, the biggest reason students cite for dropping out of college is difficulty with their personal finances. Yet nearly 70 percent of students have not attended personal finance classes or workshops in high school and 77 percent have not done so in college.
This module addresses important financial skills that help students determine the amount of money they really have for their budget by:
At two- and four-year public institutions, student attrition rates reach their highest levels between terms two and three.
This module can help extend supportive outreach and key retention support beyond the traditional orientation phase. It teaches students how to:
A recent survey found that almost half of recent graduates were unclear on the differences between government and private loans while 15 percent didn’t know how much they owed on their student loans.
This module helps students:
Consumer debt has become part of the fabric of the national economy. Total household debt reached $12.58 trillion in 2016, less than 1 percent below the all-time high in 2008. With interest rates on an upward trend, consumers are expected to face an additional $1.6 billion in borrowing costs for credit cards alone in 2017.
This module teaches students how to: