We realize that affordable housing is hard to come by, and it is extremely difficult for students. So, we created the initiative, College Quarters, in order to reach students when it could make a difference in their lives.
College graduates from the class of 2020 who took out student loans borrowed $29,927 on average, according to data reported to U.S. News in its annual survey. That's around $5,000 more than borrowers from the class of 2010 had to shoulder – representing a 20% increase in the amount students borrow.
College graduates from the class of 2020 who took out student loans borrowed $29,927 on average, according to data reported to U.S. News in its annual survey. That's around $5,000 more than borrowers from the class of 2010 had to shoulder – representing a 20% increase in the amount students borrow.
We are currently helping several students at Kennesaw State University obtain their degrees and get started on their career path without the debt of room and board. Each student donates $250 per month to The Rescue Crew and volunteers at least 6 hours per month in exchange for their private quarters and shared bathroom. GPA of a 2,8 is required to apply.
Reducing room and board debt for students enables them to have the ability to pay it down or off prior to graduation which provides a way for an improved debt to income ratio and overall better credit ratings upon graduating. Recent graduates should be able to rent an apartment on their own or possibly even purchase a home and not rent at all after college. Financial stability upon graduation is key when breaking the pattern of generational poverty and planning for generational wealth. It also reduces the percentage of young adults that move back home with parents and family upon graduation. If you are interested in supporting this initiative, please click here or if you would like to apply, please click here to see if you qualify and to complete the application. |