The Numbers

If you don’t believe this is a problem, here are some stats backed by a substantiation of research to back it up. This data will continually be updated.via gen progress 3

Our problem is clear. And it is not going away.

There are multiple sources – feel free to conclude which you think is the best.

________________________________________

Total Student Loan Debt: $1 Trillion –> as of July 9, 2013

As of TODAY Total Student Loan Debt has EXCEEDED $1 Trillion!!!

via gen progress 1via gen progress 2

http://www.forbes.com/sites/specialfeatures/2013/08/07/how-the-college-debt-is-crippling-students-parents-and-the-economy/

The Atlantic Wire reported that The New America Foundation found that the federal government spent a whole $69 billion in 2013 on its hodgepodge of financial aid programs, such as Pell Grants for low-income students, tax breaks, work study funding. And that doesn’t even include loans.

Students are borrowing more and larger amounts. The Dept. of Education studied student debt patterns based on three groups of students over the past 15 years. Over the course of those 15 years, the average amount borrowed grew from $15,000  (1992-1993) to $22,400 (1990-2000), and then to $24,700 (2007-2008).

http://www.usnews.com/education/blogs/student-loan-ranger/2013/11/06/study-student-debt-increasing-for-four-year-graduates

In a more recent and related report, the Institute for College Access and Success’ (TICAS) Project on Student Debt found that seven in 10 of 2012 college graduates had student loan debt. Additionally, the Class of 2012 had an average debt of $29,400.

Each year from 2008 to 2012, this report found that the average debt of federal and private loans combined increased 6 percent each year. These figures were drawn from data voluntarily provided by 1,075 public four-year and four-year private nonprofit institutions.
http://washingtoninformer.com/news/2013/dec/23/student-loan-bill-of-rights/

According to the Pew Research Center 36% of the nation’s young adults ages 18 to 31—the so-called Millennial generation—now live in their parents’ home, the highest share in at least four decades.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Kelchen on Education

Robert Kelchen on the world of education

magellanparis

Studying the Holocaust in Paris, France

educated.black.woman.

"You have a responsibility to pass on to your fellow black women any information that has liberated your thinking!"

dhops7

A glimpse into the life of an amateur triathlete.

Texan in DC

A topnotch WordPress.com site

twentiesinyourpocket

Dealing with ca$h money in your twenties

The Zoetic Zone

The place for all things eco, geo, and inter

The Blog of Author Matthew Lopez

Life exeriments and experiences

In my head...

Larianne's Life

thinkgo

musing

laurieanichols

Just another WordPress.com site

joeseeberblog

This WordPress.com site is the cat’s pajamas

theundergroundeducator

A fine WordPress.com site

aminagultoor

This WordPress.com site is the cat’s pajamas

Ryan Dahlke

Just another WordPress site

Education Advocate's Log

Thoughts on how to transform the education system.

GenerationDebt

Your complete resource for student loan consolidation legislation info

Scholarship Opportunity

Get a college degree without drowning in student loan debt.

Studentloanblahs

How To Escape The Student Loan Trap

Tara Madden-Dent, Ph.D.

USA University and College Study

TED Blog

The TED Blog shares interesting news about TED, TED Talks video, the TED Prize and more.

Student Of Debt

A Tale of Student Debt in America

SKoolAide

Academic Performance Platform

Living Ethnography

Research and Conversations on Ethnography, Writing and Folklore

Broke But Loving It

Living and Loving the Life of a Broke Twenty Something

Lyle Yorks

Strategic thinking and learning for a complex world

Coffee Stains and Paper Cuts

A look at modern office life

Matt on Not-WordPress

Stuff and things.

The Lockean

Dedication to the Philosophy of Freedom

A Progressive's thoughts

Just another WordPress.com site

CBS Connecticut

News, Sports, Weather, Traffic and the Best of Connecticut

cfocolleague

Financial and Operational Issues in Higher Education

calvinwolf

A topnotch WordPress.com site

Redhawk500's Blog

Important News Events Focused

Women Leading in Higher Education

leadership is personal growth in progress

polliterate

Does the Constitution Matter for Students? Why being polliterate is necessary in today's world

FED ED POLICY

Because Education Policy Matters

Critique Allowed

Rhizomatic Thoughts & Reflections...

CT River Educator

History, Education, and General Observations

International Education News

What's new, what's good, and what's effective in education around the world

%d bloggers like this: