The Need for Educational Financial Wellness

College Tuition Benefit reduces financial stress and improves the affordability of higher education. The program has shown a great success rate in helping achieve a bachelor’s degree, in the shortest amount of time, and with the least amount of student debt.
Average Cost
Average Cost To Attend College Is $142,000 In The U.S.
The average cost of college has more than doubled in the last 20 years.
Financial Aid
86% Of College Students Need Financial Aid
Average college debt per student is
$38,000, up 2.5x in the last 10 years.
Additional Income
$1 Million Additional Income From College
Bachelor’s Degree graduates earn $1
million more than high school graduates.
Family Financial
#1 Family Financial Focus Is Child’s Education
80% of families say their #1 financial concern is the cost of a child’s education.
78%
of families with children said the cost of education is their #1 concern.1
$1.7B
total student debt, impacting 45 million Americans current and future finances.2
76%
of students feel high levels of stress about the college application process.3
93%
of college students will not receive a scholarship.4
1 At what costs? Student loan debt, debt stress, and racially/ethnically diverse college students’ perceived health; https://pubmed.ncbi.nlm.nih.gov/29952580/. Jun. 28, 2018.
2 2022 Student Loan Debt Statistics: Average Student Loan Debt; https://www.forbes.com/advisor/student-loans/average-student-loan-statistics/. Sept. 19, 2022.
3 Why Are College Applications So Stressful? 5 Helpful Strategies; https://blog.prepscholar.com/why-are-college-applications-so-stressful#. Jun. 17, 2022.
4 Hanson, Melanie. “Scholarship Statistics” EducationData.org, November 5, 2022, https://educationdata.org/scholarship-statistics