Scribd
Upload
7K views4 pages

Broke Busted and Disgusted

1. The nation had $1.3 trillion in student loan debt in 2015. Tuition has increased 72% since 1965. Student loan debt cannot be discharged through bankruptcy. The average student loan interest rate is 6.8%. 2. Both colleges and students share blame for the high student loan debt levels. Tuition has increased dramatically from $1,100 in 1965 to $9,139 in 2015. Public university tuition is $16,000 on average while private colleges cost $42,000. 3. The average student loan debt upon graduation is $30,000 and takes 21 years to pay off on average. 80% of students change their majors an average of 3 times, incurring

Uploaded by

api-356092525
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
7K views4 pages

Broke Busted and Disgusted

1. The nation had $1.3 trillion in student loan debt in 2015. Tuition has increased 72% since 1965. Student loan debt cannot be discharged through bankruptcy. The average student loan interest rate is 6.8%. 2. Both colleges and students share blame for the high student loan debt levels. Tuition has increased dramatically from $1,100 in 1965 to $9,139 in 2015. Public university tuition is $16,000 on average while private colleges cost $42,000. 3. The average student loan debt upon graduation is $30,000 and takes 21 years to pay off on average. 80% of students change their majors an average of 3 times, incurring

Uploaded by

api-356092525
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 4

1. How much student loan debt did the nation have in 2015?

1.3 trillion

2. By what percentage has the tuition increased?

72%

3. Can student loan debt be discharged by declaring bankruptcy?

No

4. What's the average student loan interest rate?

6.8%

5. What is the Higher Education Act?

need based financial assistaince

6. Who is to blame about the high student loan debt?

both collages and students


7. What was the total of tuition in:

1965-1,100

1990-4,938

2015-9,139

What are some reasons for the spike in tuition cost?

universities have increased ameaities, states pay less

8. Total cost of tuition cost for a:

Public University (2015)- 16,00

Private College/University (2015)- 42,000

9. What is the national average of student loan debt?

30,000

10. What is the average time to pay off the student loan debt?
21 years

11. What is the percentage of students who change their majors?

80% av. 3 times

What is the cost for doing this?

more tuition

12. According to the documentary, what was the monthly payment for:

$60,000 loan, 6.8% interest, if paid in 10 years?

$600

13. If you make $40,000 after college, what is your salary after taxes?

31,700

14. How do students obtain student loans?

FASFA, website click amount.

15. How did Justin avoid paying over $20,000 in student loan interest?
$-32,000 6-7 days working on taskrabbit.com 8 mouths paid off debt.

16. What is a "gap year?"

1 year taking off to figure things out.

17. What are these alternatives to a 4-year degree?

Apprenticeship- classroom training and on the job training paycheck from beginning, after 4years-
25% increase in salary.

Community College- most affordable option get started 1/3 tuition smaller classes.

Certificate- completion of a specialized program with specifically focused courses.

18. Write a response to this documentary. Make it at least 3 paragraphs. What did you learn? How do
you feel about student loan debt? Are you reconsidering anything future plans for college/higher
education?

The way I felt was interest what debt do people and show how students loan debt have effect their loan
debt and it let me know how debt can effect accounts and credit. Also getting hard to find a collage in
low price because collages and privet school are getting more inexpensive everyday. and if i ever had
debt and or students loan to pay i will find some part time jobs and pay and debt and my loan off.

You might also like