A poor economic situation across the country contributed to the high student debt — he said, "great, big gamble", causing students to decide how to pay them USF Professor of Economics at Antoinette goal looming burden.
"The idea is that they become school coming out enough) recession again starts we (students) in gambling is" Criss said, "so when you use the available to work."
But all the betting comes with a price. According to USF Director of financial aid Billie Joe Hamilton, USF students average $ 21679 they freshman they graduate from time to time occurs in student loans, and only 5% default rate. these statistics are said "pretty much right on target" steadily increasing nationwide average.
St. Petersburg Times, according to Florida's education budget Subcommittee membership status for college students can mean an increase in the loan offset the proposed budget cuts to help out-of-the-box, you can increase the tuition fees, they said this month.
"Getting an education that I'm the kind of work x ' and ' ' x number of years to pay for me the idea that none of us, no matter how much we think our work is guaranteed," said goal. "It's not private or public sector in the world, how it works."
Although the reduction in the job market for students with valuable knowledge to offer more to invest in secondary education, and more students decide poor accounting school while trying to register to contribute to their debt, Hamilton said.
"My experience with student debt and they are borrowing money, but there is so much to lend some causing students to understand the behavior," she said, "they don't need, such as classes in the class."
One of the growing student debt for a student of the biggest contributors to his degree will take to complete, she said. No longer a high school student enrollment, the student will own debt, whether attending school part time in a while or missing much-needed wage by taking the entire loan.
"A memorable school students each year it costs them $ 60,000 lost wages and the cost of attendance," Hamilton said. "We have every semester to take a full course load to complete them all and get here as soon as possible for students encouragement."
Hamilton students typically they if they desired location right in the University's land this year would make it to pull out of the money amount of the loan, he said. This situation poses its own problems, though many students graduate to enter low paying jobs because of the economic downturn, deep in debt and overwhelmed them.
According to the Bureau of Labor Statistics unemployment in Florida, about 3.3% of the March 2006 approximately 11.9 per cent in January 2011, the worst in the nation State of the job market. February 2011 's national unemployment rate was 9.6% in fall 2010 8.9%.
"I'm a student borrowing $ 20,000 degree gets don't have to worry about," Hamilton said. "I am the student $ 45,000 to borrow and low paying job or never gets any reason degree."
Criss is the current student loan or mortgage them to car loans, etc., you will not be able to bankrupt and must be repaid loan is a big challenge, said.
Graduate and will not be able to find a job, student loans to pay for the delay while money comes in, Hamilton said the number of files. Those who do find a job, but all may not be able to create a pay payment amount based on the student's income income contingent repayment plan can be established.
Seeking advice on what students do pay off their loans can receive information on their options on campus in the financial aid office. More effectively manage their money in the future how to educate students for Hamilton College specific process incoming students began to ask, he said.
"The last two freshman class here before you begin the process of online financial education to go through," Hamilton said. "It's the students money to try to start thinking about. Note only what you need to do to teach students to borrow. "
Account, credit card debt set, budget tool and better financial decision making process is to cover said — can be about everything.
"I think the best advice, the number of students to full-time academic planning, make sure that you are going to borrow a minimum amount and all of the classes complete thoughts," Hamilton said. "Good academic decisions about loans and money management responsibilities will get combined (students) here, at least at the time of the debt."
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