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AAA Student Lending is proud to offer a resource for college planning and education loans. As tuition continues to rise, many universities and private foundations are cutting back on scholarships to needy students, leading students and parents to borrow more. By offering members a trusted source for education loans, AAA provides peace of mind to parents and students seeking the best possible education.

According to the National Education Association (NEA), individuals with a bachelor's degree earn an average of 50 percent more than those with just a high school diploma. However, four years of tuition can range from $50,000 at a state institution to well over $100,000 for a private institution. That is why AAA is proud to provide members financing options to meet their education goals.

Investing in your child's future
It's one of the best investments your family can make, especially when it comes to a college education. The Census Bureau reports that the lifetime earning power of a college graduate is nearly $1 million more than that of someone with only a high school diploma.

What can your child earn?
Average Annual Earnings By Education Level
Less than high school $21,506
High School/GED $27,774
Associate's Degree $34,860
Bachelor's Degree $50,511
Master's Degree $60,347
Doctoral Degree $84,294
Professional Degree $99,631
Source: U.S. Census Bureau, Current Population Surveys, March 2000, 2001, and 2002.

 

 

 

 

Employment rates are also linked to education
The unemployment rate for college graduates is typically 70 to 80 percent lower than those with just a high school diploma, according to the Bureau of Labor Studies. They also report that a college degree will be required for six of the ten fastest growing occupations over the next eight years. More proof that a college education pays off!

Student loans are the most popular tool used to finance an education
This is true of most of today's college students. According to the 2002 National Student Loan Survey, over 65% of students attending 4-year institutions rely upon student loans to help them pay for college. One look at the chart below will confirm that the college graduate's higher income more than justifies the cost of student loans.

Education Pays Off
Average student loan amount for college graduates Average Yearly Income
2-year community college $8,700 $34,860
4-year public college $17,100 $50,511
4-year private college $21,200
Source: 2002 National Student Loan Survey and U.S. Census Bureau