A Simple Way to Lower Student Loan Debt Before or After College

Whether you have to pay off private student loans or you want to get a head start on when federal student loan payments resume, here are a few ways you can lower your student debt.

Don’t You Leave College with $25,921 to $151,000 in Debt?

You do not need to spend 2 years + $100k and have $25K to $!00K in Colete Debt to Earn an MBA-Job Income of $100K+ Income?

Average Student Loan Debt After College

As of March 2023, the total amount of student loan debt was approximately $1.78 trillion  , and according to EducationData.org, there are 45.3 million borrowers in the country.

That means there are a lot of us trying to understand and navigate the student loan landscape. How much are we borrowing? And what can we do to decrease the amount we owe?

As earlier mentioned, The College Board  found that cumulative debt levels upon graduation — meaning the debt students had accumulated over the four years of undergrad — was $29,100 per borrower for those graduating in 2021 (the latest stats available). And in 2020 – 2021, 54% of graduates carried student loan debt.

College debt is one of the most crippling financial burdens young people face today. What’s more, nearly 40% of student loan borrowers don’t finish their degree within six years. That’s according to the Hope Center for College Community and Justice. So they end up with thousands of dollars in student debt and no degree to show for it.

Leaving college without a degree is common. According to the National Center for Education Statistics, only 62% of students graduate from college with a bachelor’s degree within six years. The remaining 38% of students often withdraw due to cost, family responsibilities or other factors.

If you drop out of school, you won’t earn a degree, but you still may have substantial education debt.

An MBA degree comes with the draw of increased salaries, career opportunities, and job security. But no earnings guarantee.

Average MBA starting salary data does vary across surveys. The National Association of Colleges and Employers (NACE) Winter Salary Survey projected a lower average MBA starting salary of $87,966.

According to Payscale a Master of Business Administration (MBA) Degree in 2023 earns $96k/ year Avg. Base Salary (USD)

[https://www.payscale.com/research/US/Degree=Master_of_Business_Administration_(MBA)/Salary]

 US News & World Report calculated an average starting salary to be $95,370 base salary and $105,684 including bonuses.

The Forté Foundation’s analysis of MBA salaries found that graduates earned a more generous average between $133,511 and $144,956 within two years of leaving their program. https://www.coursera.org/articles/mba-degree-salary

Why Go in College of $100K Debt to Earn a Job Income of $100K+ ?

Master’s degree costs can range from $30,000 to $120,000, according to Education Data Initiative data from November 2022.

In 2023, according to EducationData.org, the average cost of an MBA is $61,800 in the United States. Harvard Business School costs $115,638.…and that is just for a single person attending. If you have a family, it is more.

Thankfully, you do not have to spend anywhere near that much both in money and time to earn a Hugh income in life.

Will an Extra 30k-75k, on top of what may you currently earn eliminate your college debt and change your life a little bit?


We have put together something special for you. It is helped countless people develop the skills and advantages to THRIVE as an entrepreneur.

Since 1955, we’ve helped 100’s of thousands of people all over the world develop the skills they need to be successful in business.

We’ve distilled it down into one income earning program and cut away all the distractions and waste that’s keeping you from your dream business. Interested?

Is Your Todays Income Cutting It Assessment

  • Are You Taking Ownership of Your Future Finances Today? Yes: __ No: __
  • Will an Extra 30k-75k, on top of what you currently earn change your life a little bit? Yes: __ No: __

Financial literacy is the ability to understand and effectively use various financial skills, including personal monetary management, budgeting, and investing.

When you are financially literate, you have the foundation of a relationship with money, and it is a lifelong journey of learning. The earlier you start, the better off you will be, because education is the key to success when it comes to money.

  • Do you have a minute to discuss your financial future with us? Yes: __ No: __

We are sure you are super busy, and so we want to make sure you do not miss something important and time sensitive.

  • Do You have these two goals-Achieving Financial Freedom and a Dream Retirement. Yes: __ No: __

We know that in this economy and especially if you follow the old rules of money, the ability to live your dream retirement is getting TOUGH. The truth is that 401(k) accounts are not cutting it.

Social Security is just a drop in the bucket of what you need. Uneducated folks are going to be shocked at how far away their dreams really are when they hit retirement. But those who take action and figure out how to solve this puzzle are the ones who will see those dreams come true. Because it is a problem you can figure out.

  • Do You Want to Achieve Financial Freedom and a Dream Retirement? When?
  • Do You Know What You Are Truly Worth? Yes: __ No: __
  • Are you being paid for that? Will it pay off all your bills? Yes: __ No: __
  • Will an Extra 30k-75k, on top of what you currently earn change your life a little bit? Yes: __ No: __ What will you do with the money?
  • If we help you, will you build a business so you can achieve your financial or retirement goals within 2-5 years? Yes: __ No: __
  • Would you like to connect this coming week and talk about it? Yes: __ No: __
  • If yes, contact me now. Get all the details. Start now to lay the foundation for a fun year.

Conclusion

Making seemingly impossible things happen in any area of your life or business is our specialty. Over 25,000 achievers have now used MKS Master Key Coaching and Systems, the world’s #1 systems, for self or business improvement. We’re grateful for this year and opportunity to serve you. 

Let’s make the year extraordinary, together.

We personally believe this is the best way forward if you are looking for a Breaking Through Your Upper Limits. This is for people who have a dream or desire to be financially independent and are willing to put in the hard work to do so.

Wishing you prosperity and success. Remember You Were Born To Win!!

Michael Kissinger and Sydney Reitenbach

Phone: 650-515-7545

LinkedIn Profile: https://www.linkedin.com/in/michael-kissinger-a66b214/

E-mail: mjkkissinger@yahoo.com

Facebook: https://www.facebook.com/michael.kissinger.35

CONTACT US: [LIFE SUCCESS ASSESSMENT] [READINESS ASSESSMENT] [SERVICES] [ABOUT COACHES]  [FAQs] [FEE RANGE] [COACHING AGREEMENT] [SURVEY] [PRESS RELEASE] Home

Web: https://mksmasterkeycoaching.com

Terms of Use | Testimonials and Results Disclosure | Privacy Policy

© Copyright 2023 –Reitenbach-Kissinger Success Institute – All Rights

Disclaimer

The Reitenbach-Kissinger Success Institute makes no guarantee, makes no promises regarding the outcome of using any of the information on this site or its product or service. The Reitenbach-Kissinger Success Institute is not liable for any damages arising in contract, tort or other wise from the use of or inability to use this site or any material contained in it, or from any action or decision taken as a result of using this site or the information hereon. The information on this site is informational only

The materials on this site comprise the The Reitenbach-Kissinger Success Institute views; they do not constitute legal or other professional advise or guarantee of any kind. You should consult your professional advisor for legal or other advice.

This site offers links to other sites thereby enabling you to leave this site and go directly to the linked site. The The Reitenbach-Kissinger Success Institute is not responsible for their content of any linked site or any link in a linked site. The The Reitenbach-Kissinger Success Institute is not responsible for any transmission received from any linked site. the links are provided to assist visitors to the Reitenbach-Kissinger Success Institute site and the inclusion of a link does not imply that the The Reitenbach-Kissinger Success Institute endorses or has approved the linked site

A Simple Way to Lower Student Loan Debt Before or After College

Whether you have to pay off private student loans or you want to get a head start on when federal student loan payments resume, here are a few ways you can lower your student debt.

Don’t You Leave College with $25,921 to $151,000 in Debt?

You do not need to spend 2 years + $100k and have $25K to $!00K in Colete Debt to Earn an MBA-Job Income of $100K+ Income?

Average Student Loan Debt After College

As of March 2023, the total amount of student loan debt was approximately $1.78 trillion  , and according to EducationData.org, there are 45.3 million borrowers in the country.

That means there are a lot of us trying to understand and navigate the student loan landscape. How much are we borrowing? And what can we do to decrease the amount we owe?

As earlier mentioned, The College Board  found that cumulative debt levels upon graduation — meaning the debt students had accumulated over the four years of undergrad — was $29,100 per borrower for those graduating in 2021 (the latest stats available). And in 2020 – 2021, 54% of graduates carried student loan debt.

College debt is one of the most crippling financial burdens young people face today. What’s more, nearly 40% of student loan borrowers don’t finish their degree within six years. That’s according to the Hope Center for College Community and Justice. So they end up with thousands of dollars in student debt and no degree to show for it.

Leaving college without a degree is common. According to the National Center for Education Statistics, only 62% of students graduate from college with a bachelor’s degree within six years. The remaining 38% of students often withdraw due to cost, family responsibilities or other factors.

If you drop out of school, you won’t earn a degree, but you still may have substantial education debt.

An MBA degree comes with the draw of increased salaries, career opportunities, and job security. But no earnings guarantee.

Average MBA starting salary data does vary across surveys. The National Association of Colleges and Employers (NACE) Winter Salary Survey projected a lower average MBA starting salary of $87,966.

According to Payscale a Master of Business Administration (MBA) Degree in 2023 earns $96k/ year Avg. Base Salary (USD)

[https://www.payscale.com/research/US/Degree=Master_of_Business_Administration_(MBA)/Salary]

 US News & World Report calculated an average starting salary to be $95,370 base salary and $105,684 including bonuses.

The Forté Foundation’s analysis of MBA salaries found that graduates earned a more generous average between $133,511 and $144,956 within two years of leaving their program. https://www.coursera.org/articles/mba-degree-salary

Why Go in College of $100K Debt to Earn a Job Income of $100K+ ?

Master’s degree costs can range from $30,000 to $120,000, according to Education Data Initiative data from November 2022.

In 2023, according to EducationData.org, the average cost of an MBA is $61,800 in the United States. Harvard Business School costs $115,638.…and that is just for a single person attending. If you have a family, it is more.

Thankfully, you do not have to spend anywhere near that much both in money and time to earn a Hugh income in life.

Will an Extra 30k-75k, on top of what may you currently earn eliminate your college debt and change your life a little bit?


We have put together something special for you. It is helped countless people develop the skills and advantages to THRIVE as an entrepreneur.

Since 1955, we’ve helped 100’s of thousands of people all over the world develop the skills they need to be successful in business.

We’ve distilled it down into one income earning program and cut away all the distractions and waste that’s keeping you from your dream business. Interested?

Is Your Todays Income Cutting It Assessment

  • Are You Taking Ownership of Your Future Finances Today? Yes: __ No: __
  • Will an Extra 30k-75k, on top of what you currently earn change your life a little bit? Yes: __ No: __

Financial literacy is the ability to understand and effectively use various financial skills, including personal monetary management, budgeting, and investing.

When you are financially literate, you have the foundation of a relationship with money, and it is a lifelong journey of learning. The earlier you start, the better off you will be, because education is the key to success when it comes to money.

  • Do you have a minute to discuss your financial future with us? Yes: __ No: __

We are sure you are super busy, and so we want to make sure you do not miss something important and time sensitive.

  • Do You have these two goals-Achieving Financial Freedom and a Dream Retirement. Yes: __ No: __

We know that in this economy and especially if you follow the old rules of money, the ability to live your dream retirement is getting TOUGH. The truth is that 401(k) accounts are not cutting it.

Social Security is just a drop in the bucket of what you need. Uneducated folks are going to be shocked at how far away their dreams really are when they hit retirement. But those who take action and figure out how to solve this puzzle are the ones who will see those dreams come true. Because it is a problem you can figure out.

  • Do You Want to Achieve Financial Freedom and a Dream Retirement? When?
  • Do You Know What You Are Truly Worth? Yes: __ No: __
  • Are you being paid for that? Will it pay off all your bills? Yes: __ No: __
  • Will an Extra 30k-75k, on top of what you currently earn change your life a little bit? Yes: __ No: __ What will you do with the money?
  • If we help you, will you build a business so you can achieve your financial or retirement goals within 2-5 years? Yes: __ No: __
  • Would you like to connect this coming week and talk about it? Yes: __ No: __
  • If yes, contact me now. Get all the details. Start now to lay the foundation for a fun year.

Conclusion

Making seemingly impossible things happen in any area of your life or business is our specialty. Over 25,000 achievers have now used MKS Master Key Coaching and Systems, the world’s #1 systems, for self or business improvement. We’re grateful for this year and opportunity to serve you. 

Let’s make the year extraordinary, together.

We personally believe this is the best way forward if you are looking for a Breaking Through Your Upper Limits. This is for people who have a dream or desire to be financially independent and are willing to put in the hard work to do so.

Wishing you prosperity and success. Remember You Were Born To Win!!

Michael Kissinger and Sydney Reitenbach

Phone: 650-515-7545

LinkedIn Profile: https://www.linkedin.com/in/michael-kissinger-a66b214/

E-mail: mjkkissinger@yahoo.com

Facebook: https://www.facebook.com/michael.kissinger.35

CONTACT US: [LIFE SUCCESS ASSESSMENT] [READINESS ASSESSMENT] [SERVICES] [ABOUT COACHES]  [FAQs] [FEE RANGE] [COACHING AGREEMENT] [SURVEY] [PRESS RELEASE] Home

Web: https://mksmasterkeycoaching.com

Terms of Use | Testimonials and Results Disclosure | Privacy Policy

© Copyright 2023 –Reitenbach-Kissinger Success Institute – All Rights

Disclaimer

The Reitenbach-Kissinger Success Institute makes no guarantee, makes no promises regarding the outcome of using any of the information on this site or its product or service. The Reitenbach-Kissinger Success Institute is not liable for any damages arising in contract, tort or other wise from the use of or inability to use this site or any material contained in it, or from any action or decision taken as a result of using this site or the information hereon. The information on this site is informational only

The materials on this site comprise the The Reitenbach-Kissinger Success Institute views; they do not constitute legal or other professional advise or guarantee of any kind. You should consult your professional advisor for legal or other advice.

This site offers links to other sites thereby enabling you to leave this site and go directly to the linked site. The The Reitenbach-Kissinger Success Institute is not responsible for their content of any linked site or any link in a linked site. The The Reitenbach-Kissinger Success Institute is not responsible for any transmission received from any linked site. the links are provided to assist visitors to the Reitenbach-Kissinger Success Institute site and the inclusion of a link does not imply that the The Reitenbach-Kissinger Success Institute endorses or has approved the linked site

Is Your Income Cutting It?

Will An EXTRA 30k-75k, on Top of What You Currently Earn Change Your Life a Little Bit? An ‘Average’ American Income No Longer Cuts It.

An average American income isn’t enough for a comfortable living in 2023, according to two recent reports.

The typical U.S. family earns about $71,000 per year, according to the Census. Yet, the average American believes a family needs at least $85,000 in annual household income to get by, according to a recent Gallup poll.

That finding tracks with a recent study from SmartAsset, a financial technology company, which found the average American worker needs $68,499 in after-tax income to live comfortably. (That works out to around $85,000 in total income, assuming a 20-percent tax hit.)

The two releases point to the same conclusion: Many Americans earn too little in 2023 to attain a decent standard of living in their communities.

American households are feeling the pinch after three years of relentless economic headwinds.

Inflation, a negligible factor in recent years, surged to 5 percent in 2021 and 8 percent in 2022. It stands now at 6 percent, according to federal data for the first quarters of 2022 and 2023.

Rising prices prompted an unprecedented run of interest-rate hikes by the Federal Reserve, lifting the benchmark federal funds rate from effectively zero to around 5 percent in little over a year.

All of this came amid the COVID-19 pandemic, which pushed the nation’s jobless rate close to 15 percent at the height of the national lockdown in 2020.

“We’re just coming out of this really unusual time when we had pandemic scarcity, we had loss of work. And I think it’s sort of distorted perceptions about the cost of living,” said Peter C. Earle, an economist at the American Institute for Economic Research. “Lockdowns were a sort of existential experience for a lot of people.”

The Gallup poll, taken in April, found that 30 percent of Americans believe a family needs a six-figure income to “get by in your community.” Only 14 percent of respondents said a household could make do on less than $50,000, and even that threshold is $20,000 higher than the federal poverty line for a family of four, $30,000.

“I think the real crux of this issue is, what does it mean to quote-unquote get by?” said Douglas Holtz-Eakin, an economist and president of the American Action Forum, a conservative think tank.

Lower-income families, earning less than $40,000 per year, told Gallup pollsters a household needs $66,310 a year to get by, on average. Upper-income households, earning $100,000 or more, said nothing short of $100,000 would suffice.

“There’s lots of other data that says that people whose incomes are relatively high are living paycheck-to-paycheck,” Holtz-Eakin said.

Ten years ago, in an earlier Gallup poll, the average American believed a household could get by on $58,000 a year. That number exceeded the median household income at the time, $52,250.

The gap seems to be growing between what Americans earn and what they consider a sufficient income. The Gallup figure from 2013, $58,000, was about 10 percent higher than the median household income for that year. The 2023 Gallup figure, $85,000, exceeds the current median income by about 20 percent.

A lot has changed in a decade. In 2023 America, the average family might reasonably expect the price of groceries and gas to climb by 5 percent or 10 percent per year into perpetuity. The average homeowner might assume mortgage rates will remain in the 5-percent to 7-percent range for the foreseeable future, after a decade of historically low rates.

Therefore, American families would have good reason, economists say, to dial up their expectations for what it takes to live comfortably.

Salaries haven’t kept pace with inflation. Rising interest rates have pushed up housing costs. The SmartAsset report found that the average income to maintain a “comfortable lifestyle” rose by 20 percent between 2022 and 2023, from $57,013 to $68,499 in take-home pay, in the 25 largest metro areas.

That report, derived from MIT’s Living Wage Calculator, assumes the average family will allocate half of its after-tax income to basic living expenses, 30 percent to discretionary spending and 20 percent to savings and debts.

By that formula, a resident would need to clear $84,000 a year to live comfortably in San Francisco, $78,500 in New York and $76,000 in Washington, D.C., the study found.

Looking at actual salaries in those cities, it would appear that many residents do not live comfortably. Median per-capita income is about $124,000 in San Francisco, $85,000 in New York and $81,000 in D.C., according to the Census. Those are pre-tax figures: take-home pay ranges much lower.

One key factor in rising living costs is spiraling housing expenses. Monthly rents have outpaced inflation. Last spring, the median monthly asking rent surpassed $2,000 for the first time, according to Redfin.

Housing prices, meanwhile, surged by more than 40 percent in two years, from an average of $383,000 in early 2020 to $553,000 in late 2022, according to federal data. The figure slipped to $516,500 this year, as higher mortgage rates sapped purchasing power.

Cars, too, are becoming luxury purchases. The average price for a new vehicle hit $49,500 at the end of 2022, up from $38,948 three years earlier, according to the Kelley Blue Book.

Vehicle prices rose partly because of supply-chain kinks and pandemic shutdowns. Another factor was the demanding American consumer. Buyers pushed up prices by consistently choosing more expensive SUVs and tricked-out trucks over value-priced sedans.

“There’s a lot of debate about how much our expectations are feeding inflation,” said Lisa Gennetian, an applied economist at Duke University.

Homebuyers are seeking ever-larger homes. The average new home grew by 1,000 square feet between the mid-1970s and mid-2010s, according to an analysis by the American Enterprise Institute.

The same principle applies in other areas of family life, Gennetian said. An affluent household might consider private school part of a basic annual budget, while a less wealthy household might struggle to fulfill the fall supply list at public school.

“For some people, private tutoring for my kids, that could be part of my standard of living,” Gennetian said. “Other people, they might be thinking about having a running car.”

Do You Have these Two Goals – Achieving Financial Freedom and a Dream Retirement?

Do You Know What You Are Truly Worth? Are You Paid It? Does It Pay All Your Bills?

We know that in this economy and especially if you follow the old rules of money, the ability to live your dream retirement is getting TOUGH. Truth is, 401(k) accounts aren’t cutting it.

Social Security is just a drop in the bucket of what you need. Uneducated folks are going to be shocked at how far away their dreams really are when they hit retirement.

But those who take action and figure out how to solve this puzzle are the ones who will see those dreams come true. Because it’s a problem you can figure out.    

May I ask, “Do You Know What You Are Truly Worth? Are you being paid for that? Will it pay off all your bills? If not, Will an extra 30k-75k, on top of what you currently earn change your life a little bit?

Start now to lay the foundation for a great year.

If we help you, will you build a business so you can reach your financial dreams or retirement goals within 2-5 years, will you work with us?    

May I also ask, do you want something better?

For and Unlimited Annual Income and Your Retirement Dreams and Goals Will You With Our Help Build a Proven, High Profit, Low Overhead-Low Start Up, Risk Free, Guaranteed Side Business?       

Would you like to connect this coming week and talk about your life, career, business, or retirement?

Want to see how this special coaching can help you reach your goals? If yes, contact me now. What will your life look like then? Who will you be in six months?

We are showing this to people like you in a no-cost coaching session this week.

Get all the details contact us now. Have a wonderful, safe, and fun week.

MKS Master Key Coaching and Systems

Making seemingly impossible things happen in any area of your life or business is our specialty. Over 25,000 achievers have now used MKS Master Key Coaching and Systems, the world’s #1 systems, for self or business improvement. We’re grateful for this year and opportunity to serve you.

We hope you’ll deepen your practices of journaling, tracking your habits, setting your goals, and watching inspirational classes with us this year and beyond. 

Let’s make the year extraordinary, together.

Cheering you on, always!

Join a “Year of MKS Master Key Mastery Coaching Programs and Systems”.  We’ll spend the first Mondays of the Week with you taking you through advanced personal growth, business growth, profitability optimization and productivity so you can win this year and every years you are in business.

These are just a few tips to look out for when considering Breaking Through Your Upper Limits.

We personally believe this is the best way forward if you are looking for a Breaking Through Your Upper Limits. This is for people who have a dream or desire to be financially independent and are willing to put in the hard work to do so.

Wishing you prosperity and success. Remember You Were Born To Win!!

Michael Kissinger and Sydney Reitenbach

Phone: 650-515-7545

LinkedIn Profile: https://www.linkedin.com/in/michael-kissinger-a66b214/

E-mail: mjkkissinger@yahoo.com

Facebook: https://www.facebook.com/michael.kissinger.35

CONTACT US: [LIFE SUCCESS ASSESSMENT] [READINESS ASSESSMENT] [SERVICES] [ABOUT COACHES]  [FAQs] [FEE RANGE] [COACHING AGREEMENT] [SURVEY] [PRESS RELEASE] Home

Web: https://mksmasterkeycoaching.com

Terms of Use | Testimonials and Results Disclosure | Privacy Policy

© Copyright 2023 –Reitenbach-Kissinger Success Institute – All Rights

Disclaimer

The Reitenbach-Kissinger Success Institute makes no guarantee, makes no promises regarding the outcome of using any of the information on this site or its product or service. The Reitenbach-Kissinger Success Institute is not liable for any damages arising in contract, tort or other wise from the use of or inability to use this site or any material contained in it, or from any action or decision taken as a result of using this site or the information hereon. The information on this site is informational only

The materials on this site comprise the The Reitenbach-Kissinger Success Institute views; they do not constitute legal or other professional advise or guarantee of any kind. You should consult your professional advisor for legal or other advice.

This site offers links to other sites thereby enabling you to leave this site and go directly to the linked site. The The Reitenbach-Kissinger Success Institute is not responsible for their content of any linked site or any link in a linked site. The The Reitenbach-Kissinger Success Institute is not responsible for any transmission received from any linked site. the links are provided to assist visitors to the Reitenbach-Kissinger Success Institute site and the inclusion of a link does not imply that the The Reitenbach-Kissinger Success Institute endorses or has approved the linked site