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Past Due- Your Student Debt on Notice

By HartenBane

  • $16,928; average debt for graduating seniors

  • Period: to

    Private student debt increases 30%

    From 2004- 2005, Private student debt increases 30%

  • 36% of borrowers who entered repayment became delinquent

    36% of borrowers who entered repayment became delinquent

  • $19,232 average deabt for graduating seniors

  • Amendments to bankruptcy code made student debt nearly impossible to discharge

  • Period: to

    The cost of private college rose 5.9%

    From 2007 to 2008, the cost of private college rose 5.9%

  • 60% of undergrad students take out loans

  • Percentage of college students that have credit cards up 10% in 4 years

  • Pres. Obama signs overall of the federal student loan system.

    Fees to private banks were eliminated maximum Pell Grant values rose and low-income graduates would have more options to pay back loans

  • $22,442; average debt for graduating seniors

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