Report Reveals Student Loans, College Aid on the Rise

1. Education loan

2. Report Reveals Student Loans, College Aid on the Rise

3. The report "The Condition of Education 2013," recently released by the Department of Education and the National Center for Education Statistics, is a fascinating, if daunting, statistical deep dive into every aspect of secondary and postsecondary education in the United States. • Because it's the Student Loan Ranger's focus, we'll talk about the postsecondary side as it relates to student debt. • But the whole report is worth downloading.

4. One of the first statistics that jumps out at the Student Loan Ranger suggests that postsecondary education is a big business and a growth business. • Education accounted for a whopping 3.2 percent of the nation's gross domestic product in 2010 – up from 2.6 percent in 2000 – and total expenditures by postsecondary institutions increased 43 percent, from $338 billion to $483 billion, between 2000 and 2011, the report shows. • Not only is it big business, it's big government. According to the report, the federal government provided one-third of the 2011 expenditures on education, totaling $181 billion. • A massive $146 billion of this was as student financial aid in the form of student loans, grants, work study, etc.

5. It won't surprise regular readers to hear that most of this financial aid was in the form of loans. • The federal government disbursed $108.6 billion in loans – which have to be repaid – to nearly 19.2 million borrowers, according to the report, compared with $37.8 billion in grants – which don't have to be repaid – to 10.5 million grantees. • These loan amounts have increased over time as well; in 2000, the report states, the federal government disbursed only $43 billion in student loans to 7.5 million students.

6. Wherever a student chooses to go to college, it's important to note that as college costs continue to rise, so has the need for financial aid, ranging from federal loans and grants to state, local and institutional grants and private loans. • In academic year 2010–2011, 85 percent of first-time, full-time undergraduate students at four-year, degree-granting institutions received financial aid, including a full 90 percent of students at private for-profit institutions, according to the report. • An overarching lesson students should draw from the "big data" presented in the report is that although college remains a valuable investment, it is also a significant financial risk.

7. Every student should work hard reduce that risk by looking at the net price of colleges, considering starting at a community college, filling out the Free Application for Federal Student Aid to ensure their eligibility for federal aid, including grants and less risky Education loan, and utilizing websites like Fastweb.com to look for scholarships. • Source: http://bit.ly/1LcBzKJ

8. Follow us on https://www.facebook.com/AvanseEducationLoan https://www.linkedin.com/company/avanse-financial-services https://twitter.com/avanseeduloan https://plus.google.com/+AvanseFinancialServicesLtdMumbai https://www.youtube.com/channel/UCcsuUx1EH1C08XmX2embpug

9. Read more on Education Loans : http://www.avanse.com/avanse-education-loans/ • Thank You..!!!