Student Loans & Debt

Brady Tramuta and Julia Scamardi

Type of School You May Choose...
Private School

Ivy League

Public University
Differences Between The 3 Options:
Private - Cost more money to attend, however are able to give out
more money, therefore making tuition ultimately lower if you meet the
criteria grade wise, etc.

Ivy League- Able to give out the most financial aid, usually based off
your family needs

Public University - Lower tuition, but not able to give out as much
money
Athletics In College and How It Helps Students:
It is a dream for any athlete to be able to compete at the collegiate level. While this is a hard task,
many athletes get scholarship money to go to school to play that sport. This drastically helps
students pay for their college tuition and is why it is such a dream of theirs.
Can Students File for Bankruptcy?
As of 2015 students do not have the ability to
file for bankruptcy like businesses do.

Businesses, whenever they run out of money

have the ability to file, and if approved all of the
debt they are collecting is no longer their
problem.

Policy makers on bankruptcy have been looking

into making a policy for students who are
coming out of school thousands of dollars in
debt.
Why Do Tuition Rates Rise Faster Than Inflation?
Tuition inflation is calculated by doubling the average consumer inflation rate in the United States. Tuition
inflation happens from a number of different things which all relate to a different estimate of increase in
college costs.
What Is The Difference Between Direct
Unsubsidized and Subsidized Loans?
Direct Unsubsidized Loans - Easier to qualify for - Have to pay the interest accumulate while
because you do not have to prove your financial you are in school or else they will be piled
on to your total
need in order to receive them.

Subsidized Loans - Only available to students - You get a six month “grace period” after
with higher financial needs you graduate before you are required to
start paying it off
What is FAFSA?
The Free Application for Federal Student
Aid

To apply for Federal Student Aid such as

grants, student loans, work-studies, and
other loans, one must complete this form.

When completed it gives the student

access to a large source of financial aid
help to pay for college or a career in the
making.
How Do You Qualify for FAFSA
4 Main things to keep in mind when The maximum award changes yearly.
applying for FAFSA The maximum award for the 2015-
2016 academic year is $5,775. Your
1. Must be a US citizen, high eligibility is decided by the FAFSA.
school diploma or GED, enrolled Students whose total family income is
in a college or university. $50,000 a year or less qualify.
2. Complete and submit a FAFSA
form.
3. Must maintain a 2.0 GPA.
4. Demonstrate financial need.
 Works Cited
“Why Do Private Colleges Seem More Expensive - College Raptor.” College Raptor
Blog,
www.collegeraptor.com/paying-for-college/articles/questions-answers/why-do-private-colleges-appear-to-be-so-muc
h-more-expensive-than-state-colleges/
.\
Sisolak, Paul. “Public vs. Private College: Which Should You Attend?” Student Loan Hero,Student Loan Hero, 27 Feb.
2018, studentloanhero.com/featured/public-vs-private-college-attend-which/.
Miller, Madison. “Student Loan Interest Rates 2019: Your Guide to Understanding the Numbers.” ValuePenguin,
ValuePenguin, 7 Dec. 2018, www.valuepenguin.com/student-loans/student-loan-interest-rates.
@kaylawebley, K. W. (2012, February 09). Why Can't You Discharge Student Loans in Bankruptcy? Retrieved from
http://business.time.com/2012/02/09/why-cant-you-discharge-student-loans-in-bankruptcy/
Campbell, E. (2019, February 16). How Does Bankruptcy Work and Can You Declare it for Student Loans. Retrieved
from https://www.studentdebtrelief.us/student-loans/bankruptcy-work-can-declare-student-loans/
Why Do Tuition Rates Rise Faster Than Inflation? (n.d.). Retrieved from https://www.edvisors.com/plan-for-college/saving-