Student loan debt is having a profound effect on the daily lives and spending habits of young Americans. While it’s not common for borrowers to run into problems paying their loans, the mere existence of the debt is a burden that is impacting the way student borrowers make important life decisions.
A survey conducted by the American Student Assistance (ASA) showed that those with student debt are delaying major life decisions, such as getting married, buying that first home, starting a family, saving for retirement, and even entering into a career field of their choice – because of their debt.
Despite the positive gain of a college education, student debt is limiting young people’s ability to achieve financial success and confidence:
In addition, respondents also indicated how student loan debt was impacting important life decisions:
To compound the problem, today’s school counselors are expected to advise students on how to academically prepare for college, apply to college, and – more and more these days – help those students understand the financial impact of their college decision.
But as the cost of college continues to soar in price – and well beyond most families’ ability to pay – are school counselors equipped to help? And, do they even view this guidance as falling within their responsibility?
While many counselors strongly believe that conveying the true cost of college is important, most have received very little training to do so.
Cost: $0.00 – ENROLL
“How to Pay for College” is a speaking engagement that Tom Martin offers to help educate families on the true cost of college, and factors that drive up that cost for a family.
The presentation covers the 5 Things Every College-Bound Family Needs to Know:
In addition to the amazing presentation we offer on how to pay for college, we also share the accompanying handouts.
College Pre-Approval Worksheet. This worksheet helps families set a realistic budget for college.
Whitepaper. This is a short read to understand how a financial planner views how to pay for college.
Whitepaper. This is a short read to learn how parents could bring up the college talk with your student.
Whitepaper. This is a short read on what factors divorced parents should consider in planning for college.
Because the facts and figures mentioned in these resources change each year, we make these downloads available in a post-event email.