Important College Statistics

 

Education is a gift that none can take away

 

Important College Statistics     Part 2

Student Loans

From 2004 to 2014 there was a 70% increase in student loan borrowing
In 2004 student loan debt was $364 billion. In 2013 it was $1.2 trillion
1% of all student borrowers owe more than $100,000 (more than 1 million graduates)
40% owe less than $40,000
The 2014 average student loan bill was $33,000. In 2010, the average debt was $25,250
2012 only 40% of all student borrowers were paying down their loans
17% of all loans are delinquent
The 4 main student loan programs are expected to generate $13.5 billion in profit for the federal government from 2015 to 2024

Employment/Unemployment Statistics

According to a report issued by the Bureau of Labor Statistics, there are 5.8 million young people neither in school or working
The unemployment rate for Americans with less than a high school degree is 19.7%. High school graduates have a 15% unemployment rate and college graduates have a 5.2% unemployment rate
According to a report in the New York Times, 1/5 of Americans ages 20 to 35 live with their parents and 60% receive money from their parents to live
According to a report issued by Complete College America, U.S. companies plan to hire 9% more college graduates in 2014 than in 2013. So far this year there has been an 11.5% increase in job offers to graduates in education and 9.5% increase in offers made to communications majors BUT 54% of new college graduates cannot find full-time work that requires their college degree
Americans change careers, on average, 7 x in the course of their working lives