How Much Does College Really Cost Calculating FAFSA Financial Aid

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#studentdebt #studentloans #financialaid #undergradrailroad • Go to http://julliengordon.com/studentloanc... to download The Student Debt Calculator so that you can know your numbers and get a financial return on your investment. • ================================== • To get a copy of The Undergrad Railroad: How To E.S.C.A.P.E. College With Less Student Debt, A Higher Paying Job, More Financial Freedom, visit: • http://www.theundergradrailroad.com • ================================== • General student loan debt facts • $1.56 trillion in total U.S. student loan debt • 44.7 million Americans with student loan debt • 11.5% of student loans are 90 days or more delinquent or are in default • Average monthly student loan payment (among those not in deferment): $393 • Source: Student Loan Hero • Federal Government Student Loan Interest Rates • 5.05% = Direct Subsidized Loans and Direct Unsubsidized Loans - Undergraduate • 6.6%= Direct Unsubsidized Loans - Graduate or Professional • 7.6% = Direct PLUS Loans - Parents and Graduate or Professional Students • Source: The US Department of Education • Average Cost of College Statistics and Key Findings • Average Total Cost of Public Colleges: $25,290 (in-state) $40,940 (out-of-state) Average Total Cost of Private Colleges: $50,900 • More than 19.9 million students are projected to attend American colleges and universities in fall 2018, with around 6.7 million going to two-year institutions and 13.3 million going to four-year institutions. • The majority of students pay between $6,000 and $15,000 in tuition for both public and private schools in the United States. • Source: Value Penguin

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