American Consumer Credit Counseling Survey Finds that half of ...

American Consumer Credit Counseling survey reflects recent study from the University of North-East. Crushing debt erodes the value of a college education.
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(PRWEB) December 5, 2012

undermines the crushing financial burden of higher education, the value of a college education, proposes an online survey conducted by American Consumer Credit Counseling. A little over half of the 220 price sensitive consumers interviewed in the survey College ACCC was not worth the price? with nearly 70 percent of respondents said college debt totaling over $ 25,000.

? Tuition and other college costs continue to rise for American families? said Steve Trumble, president and CEO of American Consumer Credit Counseling. ? More and more young Americans are incurring huge debts at the age of 18 -. Place a huge burden on them for the rest of his life

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the 111 respondents interviewed, the college has not been thought worth the cost, 63 percent were 18 years old? 35, and 68 percent were from $ 25,000 or more in student debt as a result of their training. Of the 109 respondents? 49.5 percent ? which, it was found that the college is only half owe more than $ 25,000. According to the Institute for College Access and Success, the average debt for the class of 2011, a little less than $ 27,000.

? If people do not start saving adulthood because of the service of student debt, it can dramatically alter the course of their lives and future impacts financial decisions? Trumble said. ? Young consumers are now waiting longer to buy houses, get married, have children, and finally retired.?

Newton-based nonprofit also found that those who do not feel college was worth only 21 per cent in the area that fixed in the main compartment, compared to 54 percent, the college has earned price displayed.

? Student debt is only part of the problem? Following Trumble. ? The difficult economic climate has found it particularly difficult for graduates employment in their field of study. This undermines the perceived value of higher education, so that students feel the money spent for the university, it was not worth the overall financial burden.?

The results of the survey

ACCC echo the results of a recent survey conducted by Northeastern University, where more than 60 percent of respondents as the quality of American higher education system is? Orders fair? or? bad.? Said that most of the respondents in this survey as well? Is important for universities to lower tuition than they continue to amenities such as on-campus and sports facilities.

financial experts are increasingly concerned about the impact of student debt on future generations of Americans alarmed. This year, for the first time exceeded the total debt student loan in the U.S. $ 1 trillion.

consumer survey

online is the latest in a series of investigations by the ACCC website for the year 2012, the. on a variety of financial literacy, budgeting and planning American Consumer Credit Counseling? S certified and experienced consultants offer a variety of financial education, counseling and debt management to help customers achieve long-term financial health and stability.

The ACCC

is a 501 (c) 3 organization that provides free credit counseling, bankruptcy counseling and housing advice to consumers in the country need financial education and management of the money. For more information, contact the ACCC:

? ? For credit counseling, call 800-769-3571

? ? Insolvency advice. call 866-826-6924

? ? For the Council?s Housing, call 866-826-7180

? ? For more information on financial education workshops in New England, call 800-769-3571 x1980

? ? Or visit us online at ConsumerCredit.com

About American Consumer Credit Counseling

American Counseling Credit Consumer Commission (ACCC) is a non-profit 501 (c) (3) organization to achieve the strengthening of the financial health of consumers through education, consulting and management debt. ACCC provides individuals with practical solutions for solving financial problems and recognizes that consumers? financial difficulties are often the result of poor spending habits, but more often extenuating circumstances beyond their control. As one of the nation? S leading providers of financial services, education and credit counseling services, ACCC works with consumers to them. The best course of action to reduce their debt and return to help the financial stability ACCC is accredited by the Better Business Bureau and has an A + rating. He is also a member of the Association of Independent Agencies Consumer Credit Counseling. For more information or to access free financial education resources log on or visit ConsumerCredit.com TalkingCentsBlog.com. Follow on Twitter @ Blog Talk cents ACCC.

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Source: http://www.divisen.com/finance-articles/american-consumer-credit-counseling-survey-finds-that-half-of-respondents-say-college-is-not-worth-the-cost/

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