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.
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.
More people are having trouble keeping up with their student-loan payments than in years past, several studies show.
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.
A record 37% of young households had outstanding student loans in 2010 and a median student debt of $13,000.
U.S. families are relying less on their own resources and more on outside sources (scholarships, loans and the like) to pay for college.
About one out of five of the nation’s households owed student debt in 2010, more than double the share two decades earlier.
Student debt has increased in nearly every demographic and economic category since 2007, as has the size of that debt. The burden of student debt is greatest for the young and the poor.
At a time when women surpass men by record numbers in college enrollment and completion, they also have a more positive view than men about the value higher education provides.
College costs are rising, student debt is mounting, and the public is skeptical about the value of a college degree, according to two new Pew Research Center surveys. Meantime, only 19% of college presidents say the U.S. system is the best in the world. But more than eight-in-ten college graduates say college was a good investment for them personally.