Daily updates of news, research and trends by UPCEA
Click on the URL at the end of posting to visit the relevant article or website mentioned in the post.
Wednesday, October 28, 2015
Here’s how much student-loan debt has exploded over the past decade - Jillian Berman, Marketplace
The average student debt at college graduation grew from $18,550 in 2004 to $28,950 in 2014, a 56% jump, according to a report released Tuesday by the Institute for College Access and Success, a nonprofit focused on expanding access to higher education. While the share of graduates with debt only ticked up slightly — from 65% in 2004 to 69% in 2014 — the increase in the average amount of debt far outpaced inflation growth at 25% over that time. While the share of graduates with debt only ticked up slightly — from 65% in 2004 to 69% in 2014 — the increase in the average amount of debt far outpaced inflation and wage growth, which increased 25% and 23% respectively during that time. The report doesn’t include data on graduates of for-profit colleges, who are both more likely to have debt than their peers at nonprofit schools and carry 43% more debt on average, according to the report.
http://www.marketwatch.com/story/the-average-student-loan-debt-grew-56-over-the-past-10-years-2015-10-27