There are more than 44 million borrowers in the United States who collectively owe $1.5 trillion in student loan debt. The average student in the Class of 2017 has $39,172 in student loan debt.
WHAT PEOPLE SAY
I've received two full tuition-scholarships to SUNY Brockport and SUNY Oswego in Upstate New York. I am also currently a strong candidate for a full scholarship to Hunter and City Colleges.
Dean of Academics
Thought you would like to know: our 41 grads were all accepted into college and earned 5.6 million in scholarship funding. Thanks for your help !!
I cannot tell you how disturbed I am at the cost of an education these days and I saw in you and in your message a ray of hope that every student needs to hear.
Jean is a powerhouse! I felt completely clueless before, but now I know I can help my child get through college without accumulating a lifetime of debt! Thank You!
The average student loan debt for 2018 college graduates who borrowed to get through school was $39,172. If a graduate took the standard repayment plan for the $37,172 borrowed – 10 years, at 4.29% interest rate – they would be paying $382 A MONTH for the next decade. Experts estimate that you will need a starting salary of $47,000 to afford to pay off the loan if you remain single. If you marry, that number goes up to $52,000. In all, you will pay $8,607 IN INTEREST and a total of $45,779 for the privilege of earning a college degree.