Beyond.com, Inc. Finds One-Third of Professionals Are Still Paying Off Student Loans.PHILADELPHIA -- Beyond.com, Inc., the largest niche career network for business professionals, surveyed visitors across its network of more than 15,000 sites to discover how many business professionals are still paying off their student loans. More than 3,100 Beyond.com Network visitors responded to the survey that asked, "Do you still have student loans that you are paying off?" The survey found that more than 33 percent are still paying off student loans, while the remaining respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. reported that they do not currently have any student loans. Of those respondents with student loans, nearly 47 percent owe between $10,000 and $25,000, 31.69 percent owe $25,000 to $50,000, 19.06 percent owe more than $50,000, and 2.36 percent owe less than $10,000. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the U.S. Education Department and the National Center for Education Statistics The National Center for Education Statistics (NCES), as part of the U.S. Department of Education's Institute of Education Sciences (IES), collects, analyzes, and publishes statistics on education and public school district finance information in the United States; conducts studies (NCES NCES National Center for Education Statistics NCES Net-Centric Enterprise Services (US DoD) NCES Network Centric Enterprise Services NCES Net Condition Event Systems ), the average price of college has grown much faster than the rate of inflation; the average annual tuition at public four-year colleges and universities is $5,836 in 2006-07, up 268 percent from 1976-77. Private college tuition The examples and perspective in this article may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. College tuition is up 248 percent to $22,218 a year. As a result, more students are borrowing money for college, with the percentage jumping from 34 percent in 1971 to 65 percent in 2000-2001. College graduates are also faced with lower entry-level wages when entering the workforce. The NCES reports that thirty years ago, a male college graduate could make the equivalent of $51,223 a year in 2004 inflation-adjusted dollars. In 2004, he actually earned a lesser amount of $50,700. However, according to the NCES, wages for women have risen. "With the rising cost of education, it's not surprising that one-third of professionals are still paying off their student loans," says Rich Milgram, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Beyond.com, Inc. "It can be a financial strain on graduates who are paying off loans while earning entry-level wages. Professionals should research and take advantage of available options to help alleviate Alleviate To make something easier to be endured. Mentioned in: Kinesiology, Applied this burden such as education-related tax credits." Graduates can effectively manage their student loans by following these few simple tips: * Pay off as much of the loan as possible during the six or nine month grace period - it goes directly to the loan's principal before interest starts accruing. * Consolidate loans into one simple payment, which can many times lower interest rates. * Set a budget and stick to it. * Research education-related tax credits and deductions. * Sign up for direct withdrawal to ensure loan payments are timely. * Strive to pay above the minimum loan payment. For additional information on student loan consolidation and other career resources, visit www.Beyond.com About Beyond.com, Inc. Beyond.com, Inc., a full-service provider of career software and services, powering a network of more than 15,000 highly niche-specific communities, is dedicated to helping business professionals, corporations and vertical communities connect with each other by providing relevant search and networking tools for every stage of career, business and life. Product and service categories include: careers and recruitment, HR technologies, education, search engines, life management, and networking. Beyond.com is a Safeguard Scientifics partner company. www.Beyond.com About Safeguard Safeguard Scientifics, Inc. (NYSE NYSE See: New York Stock Exchange :SFE See Sydney Futures Exchange. ), a holding company, builds value in growth-stage technology and life sciences businesses. Safeguard provides growth capital as well as a range of strategic, operational and management resources to their partner companies. Safeguard also participates in growth buyout Buyout The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. financings, including corporate spin-outs and management buyouts Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. , expansion financings, industry consolidations and early-stage financings. www.Safeguard.com |
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