Student Debt - Earl Hubbard

Student Debt - Earl Hubbard

Published on 5 June 2023

A Moovly project generated with GPT.

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Transcript
00:00
Student debt is a growing problem in the U.S.
00:04
It affects adults of all ages and children aswell
00:07
As of 2022, 43.5 million Americans have federal student loans
00:13
At the end of 2022, the average federal student loan debt in the U.S. was $37,574
00:20
Student loan debt has tripled since 2007
00:24
At the end of 2022, the total federal student loan debt balance was just over $1.63 trillion
00:33
In order for a lot of students to pursue their dreams thay have to go to college
00:38
It takes the average college graduate three to six months to secure employment after graduation
00:47
Because of this students are unable to buy homes, start families or create businesses
00:52
Student debt can cause students to develop mental health problems
01:00
54% of college graduates develop mental health problems
01:07
Depression
01:09
Stress
01:10
Anxiety
01:11
Student debt is a big problem with no definite solution. But there are ways to help as you make your way through it
01:17
Understand your loan. Know the terms,  interest rates and available payment options
01:25
Creating a budget to manage the money you spend and the money you need for your loan
01:32
Look for scholarships and grant opportunities to reduce the amount of your loan