Education

  • 17% of borrowers behind in their payments or in default on the nation’s $1.2 trillion in college loans
  • Three types of students that collect the most debt: graduate students, undergrads in for-profit schools, students from low income families
  • In 2012 71% of all students graduating from four-year colleges had student loan debt
  • Average debt for all graduating seniors with student loans rose by 25% from 2008 to 2012
  • 20% of graduates’ debt was comprised of private loans
  • Graduates who received Pell Grants were much more likely to borrow and borrow more

 

Source:

Usnew.com

Ticas.org