Why FCEF needs your support:
The average cost of college increases at twice the rate of inflation; the College Board estimates that public school costs an average of about $13,000 a year and private schools costs $28,000. More than half the students graduating today have student loan debt averaging almost $18,000. A 22-year old student graduating this year who consolidates their $40,000 loan at 6.125 percent will need to pay $243 a month...until they're 52. By that time, they will have paid $47,494 in interest alone.

Americans carry more than $2 trillion in consumer debt, which works out to be nearly $8,200 in debt for every man, woman and child that lives here in the US. (Source: Federal Reserve, 2008). More than 2.1 million Americans with home loans missed at least one payment last year. (Source: Mortgage Bankers Association, 2008) Four in 10 Americans don’t have even one-month’s worth of income in savings in case of an emergency. (Source: MSNBC, HSBC Bank, 2007)

FCEF provides donors with opportunities to support both aspects of our mission: providing financial literacy education, and awarding college scholarships to deserving students with the objective of offsetting the cost of rising tuition.