The student loan choices

you make today could

impact you for the rest of
your life

 Leader - Josh Malcolm- Outline of

project, organize data to be used in the

Pamphlet
Scribe - Cameron Owen- Statistics

research and compile data and graphs

to be used as reliable resources.
Organizer Joscif Raigne

Organization, editing and

communication lead.
Designer and graphics Noel Curtis

Pamphlet designer and installment of

graphics and any other visual tasks.

High debt.
No Aggregate limit at SLCC.

Bad credit (never goes away)

Financial education.

Concise information

Stats and Student

Awareness
Salt Lake Community College (SLCC) is an affordable school
but it has the same aggregate limit on student loans as more
expensive schools. Dont let this trick you as a student to
borrow more than what is needed.

SLCC having an average completion rate of only 23% over last five years shows that many student a
getting in debt without completing their education and getting into a more successful career. Keepin
many in poverty and making it harder to get their education later.
There are over 4 million recipients of Federal Education Loans in the U.S. as of 2014, totaling an
amount over $1.2 trillion.
In 2013 13.7 % of barrowers in their third year of repayment defaulted on their loans.
Thats a total of 54,800 students with un-payable debt totaling over $60 Billion .

Student Debt can Build or

Collapse Your Credit score
Building credit
Its worth noting that student loans are typically treated as
installment plans by the three major credit bureaus
Experian, Trans Union and Equifax. So if you pay your
student loans in full and on time each month, the credit
bureaus will make a record of that on a continuing, 30-day
basis, demonstrating to future lenders that you can be
trusted to handle money responsibly.

Damaging Credit
Students who default on their payments can immediately
destroy their credit by having these defaults reported to the
three largest credit rating institutions. Default on student
loans can restrict future opportunities such as lending on a
home, car or even employment.

Educate Yourself

What is it going to cost to graduate?

While everyone would like to attend college debt-free, the average
cost to attend SLCC including living expense is approximately
$37,260.00 to graduate with a two year degree from SLCC.

What are the average salaries of the field Im choosing to go

into?
When making the decision to take out loans for education there is a
need to asses the average salaries of the field chosen. Many of the
degree programs offered through SLCC have above average starting
wages. These assessments can help students understand what to
expect before entering the job market.

Is my field of study worth the expense?

Many fields provide entertainment and enjoyment of learning but fail
to produce a salary sustainable for the ever increasing cost of life.
Financial aid departments can provide students with helpful
information as to how much tuition is necessary and what options are
best to help pay for tuition and living expense.

Alternatives and Solutions to

Avoid Unnecessary Debt
There are many options available to students for paying their tuition the most common
alternatives are grants and scholarships provided by the federal or state government
as well as tuition waivers and scholarships provided by schools. Grants, scholarships
and tuition waivers are often called gift aid because they are free financial aid money
that doesnt need to be repaid. The types of tuition waiver and scholarships/grants that
SLCC offers are:
Tuition waivers
Scholarships
Government Grants
To apply for government grants you fill out the Free Application for Federal Student Aid
(FASA). Colleges also offer work study programs that pay for your tuition during your
employment . Non-Institutional Scholarships are scholarships offered outside of the
school and are free for students as well. SLCC has these listed under Tuition and Fees
on the Financial Aid and Scholarships Tab. The IRS also Offers Tax write offs listed
under Publication 970 for higher education.

 That good communication is key in working in groups.

Structure and planning should be top priority.

By doing research plans can change.

Improved in writing business papers, emails and

communication skills.
Improved skills within Microsoft Power Point, Word and

Publisher.

Research/Surveying students

Business Proposal
Purpose of Pamphlet

Business Report

Resources