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

This entry was posted in The New College Guide, Uncategorized by Marguerite Dennis. Bookmark the permalink.

About Marguerite Dennis

Marguerite Dennis has been recruiting internationally for over 25 years, first at Georgetown University in Washington, D.C. and then at Suffolk University in Boston, Massachusetts. During that time she was responsible for establishing a branch campus for Suffolk University in Dakar, Senegal and Madrid, Spain. Marguerite increased the international student population at Suffolk University by 193% from 1993 to 2011 and increased the number of study abroad programs by 135%, from 20 to 47. She monitored the recruitment programs for Suffolk University in 20 countries and hired a network of 10 international educational consultants. She signed agreements in Viet Nam, Hong Kong, Kuwait, Germany, Mexico, France and Argentina.

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