Student Debt Weighing on Economic Fortunes of Young Adults
Households headed by young adults owing student debt lag far behind their peers in terms of wealth accumulation and tend to carry larger amounts of other kinds of debt.
5 key findings about student debt
A record 37% of young households had outstanding student loans in 2010 and a median student debt of $13,000.
More Hispanics, blacks enrolling in college, but lag in bachelor’s degrees
From 1996 to 2012, college enrollment among Hispanics ages 18 to 24 more than tripled (240% increase), outpacing increases among blacks (72%) and whites (12%).
Supreme Court says states can ban affirmative action; 8 already have
Tuesday’s Supreme Court decision upholding Michigan’s ban on affirmative action affects more than college admissions, and more than just Michigan. Seven other states have similarly broad bans in their constitutions or statute books, and opponents of affirmative action have called on other states, and the federal government, to follow suit.
Public strongly backs affirmative action programs on campus
The use of affirmative action programs in college admissions has roiled campuses and the public for years, leading to state-passed laws banning the practice to today’s Supreme Court ruling upholding a Michigan voter initiative banning the use of racial preferences. But while the debate and the battles continue, a new Pew Research Center poll finds that Americans overwhelmingly support these programs.
Michelle Obama to visit China, focus on education
Given other economic and environmental problems, however, education is not high on the minds of the Chinese public.
Women’s college enrollment gains leave men behind
Even though college enrollment rates among young people have risen in recent decades, a Pew Research Center analysis of U.S. Census Bureau data shows that females outpace males in college enrollment, especially among Hispanics and blacks.
For Millennials, a bachelor’s degree continues to pay off, but a master’s earns even more
Millennials are the nation’s most educated generation in history in terms of finishing college. But despite the stereotype that today’s recent college graduates are largely underemployed, the data show that this generation of college grads earns more than ones that came before it.
Fed report says household borrowing is rebounding from Great Recession
Outstanding household debt increased $241 billion during last October-December, the biggest quarterly jump since 2007.
Record share of wives are more educated than their husbands
For the first time in 50 years, the share of couples in which the wife is the one “marrying down” educationally is higher than those in which the husband has more education.