These 10 stats are taking higher ed’s breath away

For the first time, national data reveals the hidden costs of financing U.S. higher education…and it’s horrifying

higher-education-debt They’re the kind of statistics, spanning a decade and across the entire U.S., that as you read them, your jaw takes on additional gravity—dropping lower and lower—as you set your coffee cup down and yell to your coworkers that “you won’t believe this.”

Most of us in education know that there’s a debt problem happening in higher education: student loans are insane, debts can’t be repaid, for-profits are pretty much the scourge of the Earth, and the price of traditional four-year colleges is becoming less and less justifiable in today’s economy.

But these are blanket ideas—worrying but without substantial depth; think of it as knowing that the weather is changing but not actually standing on a melting ice shelf.…Read More

Misleading: Student loan debt NOT from undergrad degrees

New report says there’s a myth about student loan debt, and the real cause may shock you

loan-debt-studentAccording to a new report, the current national concern and outrage over student loan debt is misguided, since many believe the debt occurs while obtaining an undergraduate degree. Not true, say data experts, who revealed that most student loan debt comes from pursuing graduate degrees.

The report, “The Graduate Student Debt Review: The State of Graduate Student Borrowing,” released by the New America Foundation, a nonprofit, nonpartisan public policy institute, basis its findings from the U.S. Department of Education’s National Postsecondary Student Aid Study (NPSAS)—a research dataset published every four years to compile information on student-level records, financial aid, student demographic, and enrollment data.

After reviewing the data, the report states that much (40 percent) of the $1 trillion in outstanding student loans derives from graduate and professional degrees, rather than bachelor’s or associate’s degrees.…Read More