Fun Facts
This percent of High school seniors are accepted into their first-choice college
What is ~75%
Financial aid based loans that don’t need to be repaid. Given by colleges and universities.
What are Grants?
An adult opens a saving account for a child and they are in charge of managing it
What is a Custodial Account?
Students living on campus pay this much annually for housing on average
What is $11,300?
The government would have to spend this much money to make college free
What is $62.6 billion
Not based on financial need for undergraduate, graduate, and professional students
What are Direct unsubsidized loans?
This is the yearly limit of a 529 plan
What is $16,000?
Students living off campus pay this much annually for housing on average
What is $10,600?
Average Tuition cost in 2020
Credit check is required with possibility for more requirements to qualify with bad credit history. For graduate and professional students
What are Direct Plus Loans?
A tax-advantaged savings account designed to be used for the beneficiary's education expenses
What is a 529 Plan?
This totals to $1.5 Trillion
What is all student debt?
Average cost of tuition in the 1980's
What is $10,231?
Allows students to make a all eligible federal loans into one with a single loan servicer
What are Direct Consolidation Loans?
A Coverdell can pay for these types of education that a 529 cannot
What is Elementary and Secondary?
This percent of students choose not to buy a required textbook due to its price
What is 40%
Fun fact: Students can expect to spend almost $6,000 on textbooks throughout college
This percent of high schoolers accepted into their first-choice college cannot afford to go.
What is ~25%
Based on financial need for undergraduate students
What are direct subsidized loans?
This is the limit for individuals and couples on Custodial Accounts
What is $15,000 and $30,000
What is the average total cost for a 4 year education in state and out of state
In state: ~$102,000
Out of state: ~$173,000