WHAT IS YOUR PLAN?
Explore cited and sourced information to influence the success of the most important part of your life:
Your Future
Statistically, Most Fail - Why Are You Different?
Bitter Truths You Need to Swallow
You do not have a Full-Ride Scholarship.
- <0.1% of All US High School Graduates earn a Full Ride Scholarship
- <1.5% of US High School Graduates earn a Full-Tuition Scholarship
- Sports will not save you either, <1% of Athletes Receive a Full Ride Scholarship
- 42% of College Students Graduate Debt-Free, 85% of this is contributed by Parents
You have a high chance of dropping out of college.
- Michigan College Graduation Rate: 30%
- Ohio College Graduation Rate: 28.9%
- Indiana College Graduation Rate: 27.2%
If you don't drop out, your own choices will cause you to spend more time and money.
- 33% of College Students Graduate in 4 Years. 57.6% graduate in 6 Years
- 50-70% of College Students Change Their Majors (Most change more than once)
You are not guaranteed a well paying job after graduation.
- 52% Underemployment Rate after College Graduation (Median Salary - $40,000)
- 3-6 Months on average to Find Employment after College Graduation
- Median Bachelor's Degree Salary $54,900, Average Starting Salary: $55,260. Why?
You will not own a home until you are 41 years old (if at all).
- The average graduate takes 15-20 years to pay off their student loans
- The average interest accrued on a 4-Year Loan is $27,000, not including what is still owed
- Federal/Private Student Loans are not forgiven by standard bankruptcy
CAREER COMPARISON AND COST ESTIMATION - INDIANA 2021
College Facts and Statistics
- College Admissions - Need Blind Schools: https://blog.prepscholar.com/need-blind-colleges-list
- College Rank Determination: https://www.usnews.com/education/best-colleges/articles/how-us-news-calculated-the-rankings
- Likelihood of transferring from Community College to a Four-Year Institution: http://ccrc.tc.columbia.edu/media/k2/attachments/what-we-know-about-transfer.pdf
- Student Loan Debt: https://www.investopedia.com/student-loan-debt-2019-statistics-and-outlook-4772007
- Average Amount of Scholarship Money to Expect: https://educationdata.org/how-do-people-pay-for-college#:~:text=Most%20students%20borrow%20money%20to,some%20point%20during%20their%20education.&text=20%25%20of%20parents%20borrow%20money,loans%20come%20from%20private%20sources.
- Post Collegiate Underemployment Rates: https://admissionsly.com/college-graduates-unemployment-rate/
- Trade School vs. College: https://www.moneycrashers.com/technical-trade-school-college/
- Bankruptcy Student Loan Forgiveness: https://www.americanbar.org/groups/business_law/safeborrowing/student/bankruptcy/
- Debt Interest Accruement and Expected Payoff Time: https://educationdata.org/average-student-loan-payment#:~:text=The%20average%20borrower%20takes%2020,interest%20rate%20of%206%25).
- Average Time to Graduate College: https://www.cappex.com/articles/blog/government-publishes-graduation-rate-data#:~:text=To%20graduate%20in%20four%20years%2C%20students%20must%20take%20and%20pass,colleges%20and%20universities%20is%2033.3%25.
- Parental Student Loan Contribution: https://joinjuno.com/financial-literacy/student-loans/what-percentage-of-parents-pay-for-college
- Graduation Rates by State: https://worldpopulationreview.com/state-rankings/college-graduation-rates-by-state
- Chance of Receiving Athletic Scholarships: https://www.ncsasports.org/recruiting/how-to-get-recruited/scholarship-facts
- Chance of Receiving Scholarships: https://www.thinkimpact.com/scholarship-statistics/
- Chance of Receiving Scholarships: https://educationdata.org/scholarship-statistics
Employment Facts and Statistics
- Average Salaries by Profession: https://www.ziprecruiter.com/Salaries
- Income by Education Level: https://nces.ed.gov/programs/coe/indicator/cba
- Income by State and Education Level: http://www.higheredinfo.org/dbrowser/index.php?submeasure=367&year=2010&level=nation&mode=data&state=
- Work Experience and Job Applicant Screening: https://www.naceweb.org/talent-acquisition/candidate-selection/employers-prefer-candidates-with-work-experience/
USA Facts and Statistics
- Health Insurance Cost: https://www.valuepenguin.com/average-cost-of-health-insurance
- Utility Costs: https://www.move.org/utility-bills-101/
United States Navy Facts and Statistics
- GI Bill Comparison Tool: https://www.va.gov/gi-bill-comparison-tool/
- Navy Pay and Benefits: https://www.navy.com/what-to-expect/military-pay-and-benefits
- Navy Career Credentialing: https://www.cool.osd.mil/usn/
- Navy Housing Allowance: https://www.defensetravel.dod.mil/site/bah.cfm
- Post Military Employment: https://www.pewresearch.org/social-trends/2019/09/09/the-transition-to-post-military-employment/