Mansion Student’s Post

Nearly half of students think their school is not doing enough to educate them about personal finance, according to our Student Money Survey, released today. Here are some other key findings: ● The top post-graduation fear among students is not finding a job (39%), followed by student loan debt (35%) and credit card debt (13%). ● 75% of students say they feel pressured by their peers to spend beyond their means. ● 46% of students say they will try to make as much money as possible professionally rather than follow their passion. ● 54% of students say a parent’s debt has negatively impacted them. ● Nearly 1 in 3 students would describe their parents’ attitude toward personal finance as “overly cautious.” https://lnkd.in/eGRVHMnz #WalletHub #grads #creditcards

Did you know that 76% of Gen Z students expect to graduate with student loan debt? Even with the new FAFSA, federal aid still falls short of covering college costs for most students. Scholarships have become a necessity in helping students bridge the financial gap and avoid being buried in debt before their careers even begin. By launching a scholarship campaign, your company can make a difference for students while building goodwill with your audience. Supporting education shows you care about the next generation and the future workforce. Something that Gen Z consumers will keep in mind for years to come. Check out our latest student survey: https://lnkd.in/diiDbzq9 #fafsa #students #scholarships #marketing

“The average student loan debt per borrower is almost $40,000. It takes the average borrower anywhere from 17-23 years to pay off their loans! If you pay $393 per month for 20 years, you will have paid more than $94,000 in total payments. On a loan that was....$40,000 at graduation.” — George Kamel Over 2 million students will go to college this year, and about 1.3 million of them will take out loans. You don't have to start your adult life in debt. You CAN go to college without taking out #studentloans. That may mean working jobs on the side or applying for a ton of scholarships, but it IS possible!🙌 #personalfinance #moneymanagement #financialfreedom

Don't let student loan debt derail your dreams! 💼💔 Many professionals, like doctors, struggle under the weight of hefty loans, making it hard to thrive in their careers. 🎓💸 Scholarships offer a path to pursue your passion without drowning in debt. Let's prioritize financial prudence alongside pursuing our dreams! 🌟📚 #Scholarships #StudentLoans #FinancialIntelligence #DebtManagement #CareerAdvice #ProfessionalDevelopment #DreamsAndReality #FinancialPrudence #EducationInvestment #PassionDrivenCareer

🎓 Are your children planning on going to university soon? Are you considering supporting them financially so they don’t have to take out a student loan? 🎓 If so, it is important that you are aware of some of the changes that came in last year to the Student Finance system. Some highlights below: ❌ It is estimated that under the new regime, 48% of university graduates will not clear their student loan during their lifetime. ✈ You are still liable to pay the loan if you move abroad. 📈 It is estimated that many typical graduates will pay over 50% more than under the prior system. 🗑 Despite this, if you are in the fortunate position that you can afford to pay for your children’s tuition fees, it isn’t always a no-brainer decision and in some situations, it can end up wasting a significant amount of money. The correct decision is often specific to each situation and I would suggest having a good read of the fantastic articles that Martin Lewis has put together: 👉 https://lnkd.in/eyFUShaU 👉 https://lnkd.in/eESFDrzQ #studentloan #studentfinance #tuitionfees #financialplanning

🎓 Are your children planning on going to university soon? Are you considering supporting them financially so they don’t have to take out a student loan? 🎓 If so, it is important that you are aware of some of the changes that came in last year to the Student Finance system. Some highlights below: ❌ It is estimated that under the new regime, 48% of university graduates will not clear their student loan during their lifetime. ✈ You are still liable to pay the loan if you move abroad. 📈 It is estimated that many typical graduates will pay over 50% more than under the prior system. 🗑 Despite this, if you are in the fortunate position that you can afford to pay for your children’s tuition fees, it isn’t always a no-brainer decision and in some situations, it can end up wasting a significant amount of money. The correct decision is often specific to each situation and I would suggest having a good read of the fantastic articles that Martin Lewis has put together: 👉 https://lnkd.in/eyFUShaU 👉 https://lnkd.in/eESFDrzQ #studentloan #studentfinance #tuitionfees #financialplanning

The Department for Education has just published forecasts for #highereducation and #furthereducation #studentloans in England. Figures included forecast #student numbers, student loan outlay and repayments. ➡ Full time #undergraduates in HE are expected to borrow a total of £42,800, on average. ➡ Half of borrowers starting in 23/24 are expected to repay their loan in full within 31 years. ➡ 567,000 undergraduate entrants are expected to take out #loans in 2028/29, an 8% increase from 2022/23. ➡ Total student loan outlay is forecast to increase by 20% between #financial year 2023/24 and 2028/29 to £24.6 billion in nominal terms. I would love to hear thoughts on these figures from across the sector. You can also read more here: ⬇ #education #statistics #DfE https://lnkd.in/eEqGW9rq

🎓 Are your children planning on going to university soon? Are you considering supporting them financially so they don’t have to take out a student loan? 🎓 If so, it is important that you are aware of some of the changes that came in last year to the Student Finance system. Some highlights below: ❌ It is estimated that under the new regime, 48% of university graduates will not clear their student loan during their lifetime. ✈ You are still liable to pay the loan if you move abroad. 📈 It is estimated that many typical graduates will pay over 50% more than under the prior system. 🗑 Despite this, if you are in the fortunate position that you can afford to pay for your children’s tuition fees, it isn’t always a no-brainer decision and in some situations, it can end up wasting a significant amount of money. The correct decision is often specific to each situation and I would suggest having a good read of the fantastic articles that Martin Lewis has put together: 👉 https://lnkd.in/eyFUShaU 👉 https://lnkd.in/eESFDrzQ #studentloan #studentfinance #tuitionfees #financialplanning

🎓 Are your children planning on going to university soon? Are you considering supporting them financially so they don’t have to take out a student loan? 🎓 If so, it is important that you are aware of some of the changes that came in last year to the Student Finance system. Some highlights below: ❌ It is estimated that under the new regime, 48% of university graduates will not clear their student loan during their lifetime. ✈ You are still liable to pay the loan if you move abroad. 📈 It is estimated that many typical graduates will pay over 50% more than under the prior system. 🗑 Despite this, if you are in the fortunate position that you can afford to pay for your children’s tuition fees, it isn’t always a no-brainer decision and in some situations, it can end up wasting a significant amount of money. The correct decision is often specific to each situation and I would suggest having a good read of the fantastic articles that Martin Lewis has put together: 👉 https://lnkd.in/eyFUShaU 👉 https://lnkd.in/eESFDrzQ #studentloan #studentfinance #tuitionfees #financialplanning