Share of Affluent Students Who Borrow for College Doubles
In 2012, a record 69% of the nation’s new college graduates had taken out student loans. Graduates from more affluent families are much more likely to borrow today than they were 20 years ago.
Public and private college grads rank about equally in life satisfaction
College graduates report about the same amount of personal satisfaction and economic well-being later in life whether they attended a private or public college.
By many measures, more borrowers struggling with student-loan payments
More people are having trouble keeping up with their student-loan payments than in years past, several studies show.
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.
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.