1. Ninth Annual Financial Literacy Leadership Conference
Student Loan Debt
October 17, 2016
Cheryl Weiss
Student Debt Specialist
WI Department of Financial Institutions

2. Post-secondary education is a good thing

3. Post-secondary education is a good thing
College is an expensive undertaking

4. Post-secondary education is a good thing
College is an expensive undertaking
Student debt, college affordability are hot topics
How much debt does an average student incur?
How many people currently have debt?
What percentage of people default on their loans?
Why can’t we just forgive student debt?
The list of questions goes on and on and on.

5. Post-secondary education is a good thing
College is an expensive undertaking
Student debt, college affordability are hot topics
How much debt does an average student incur?
How many people currently have debt?
What percentage of people default on their loans?
Why can’t we just forgive student debt?
The list of questions goes on and on and on.
The student debt debate is emotional

6. $28,810 Wisconsin statistics
Average debt of Wisconsin college graduates
in 2014 (lower than all neighboring states).

7. $28,810 84% Wisconsin statistics
Average debt of Wisconsin college graduates
in 2014 (lower than all neighboring states).
84%
In their lifetime, bachelor’s degree holders earn 84% more than those with only
a high school diploma. On average, that’s $964,000!

8. $28,810 84% 70% Wisconsin statistics
Average debt of Wisconsin college graduates
in 2014 (lower than all neighboring states).
84%
In their lifetime, bachelor’s degree holders earn 84% more than those with only
a high school diploma. On average, that’s $964,000!
70%
Percent of Wisconsin grads with student debt (3rd highest in the nation).
SOURCE: The Institute for College Access and Success

9. In total U.S. student loan debt
National statistics
$1.26 Trillion
In total U.S. student loan debt

10. $1.26 Trillion 43.3 Million National statistics
In total U.S. student loan debt
43.3 Million
Americans with student loan debt

11. $1.26 Trillion 43.3 Million 11.6% National statistics
In total U.S. student loan debt
43.3 Million
Americans with student loan debt
11.6%
Average rate of student loan delinquency
SOURCE: newyorkfed.org and clevelandfed.org

12. Google ‘student loans’ or ‘student debt’

13. Google ‘student loans’ or ‘student debt’
Tons of information, some sources more useful than others

14. Google ‘student loans’ or ‘student debt’
Tons of information, some sources more useful than others
Some of it is hard to find

15. Google ‘student loans’ or ‘student debt’
Tons of information, some sources more useful than others
Some of it is hard to find
Wouldn’t it be nice to have a resource that is focused on Wisconsin?

16. Google ‘student loans’ or ‘student debt’
Tons of information, some sources more useful than others
Some of it is hard to find
Wouldn’t it be nice to have a resource that is focused on Wisconsin?
Look no further … LOOKFORWARDWI.GOV

17. Questions?

18. LookForwardWI.gov Wisconsin’s resource website
college affordability · student debt
Invite Bob and Richard to say a word
Invite Erin to say a word