Average debt of college graduates

SECTIONS Search E-edition Customer Service Customer Service SacBee Rewards About Us About Us Contact Us Apps Mobile & Apps Twitter, Facebook, Google+, YouTube News in Education (NIE) Newsletters Local Sacramento Region Arena City Beat Crime Local Govt Salary Database The Homeless Marcos Bretón Transportation Education Environment Health & Medicine Traffic Conditions Weather Communities Elk Grove Folsom/El Dorado Roseville/Placer Yolo Sports Sports Kings NBA News 49ers Giants Oakland A's High School Sports Joe Davidson More Sports Raiders NFL News MLB News River Cats Soccer Colleges Golf Autos Racing Politics Politics Capitol Alert State Workers The California Influencer Series Local Elections PoliGRAPH State Worker Salary Database Legislative Gifts … [Read more...] about What to do about student debt? These ideas are brewing in the California Legislature

Even though for-profit colleges get a bad rap for being predatory and leaving students saddled with debt but no degree, a significant number of private nonprofit and public colleges have the same issues.RELATED STORY: Here are the 2018 commencement speakers at Philly-area collegesFor example, a recent analysis examined 781 colleges where most students borrow and few can repay their loans. While the analysis found that 73 percent of those schools were for-profit colleges, it also identified 209 private nonprofit and public colleges with low completion rates and heavy borrowing. So, how can prospective students identify problematic colleges that will likely saddle them with debt and where few of their fellow students will graduate? As a policy analyst who examines issues of quality and equity in higher education, I suggest four questions students should ask when exploring which college to attend. 1. HOW SELECTIVE IS THE COLLEGE? Many higher education institutions have a mission to … [Read more...] about Avoid high student debt and dropping out by asking these 4 questions about any college

Presidential contender Sen. Elizabeth Warren, D-Mass., is pressing ahead with a campaign proposal to erase the majority of the country's outstanding student debt — whether she gets to the White House or not. Warren and Rep. James E. Clyburn, D-S.C., unveiled their plan to introduce legislation in the Senate and House to wipe out up to $50,000 in student loan debt for 42 million Americans, CNBC reported. "It's time to decide: Are we going to be a country that only helps the rich and powerful get richer and more powerful, or are we going to be a country that invests in its future?" Warren said in a statement, the news outlet reported. Outstanding education debt is projected to balloon to $2 trillion by 2022 — topping credit card or auto debt levels, the financial news outlet reported. The average college graduate is $30,000 in the hole when they leave school. Warren unveiled her presidential campaign plan to eliminate student debt in April, and details are expected to be … [Read more...] about Warren Advancing Proposal to Wipe Out Student Debt

Presidential contender Sen. Elizabeth Warren, D-Mass., is pressing ahead with a campaign proposal to erase the majority of the country's outstanding student debt — whether she gets to the White House or not. Warren and Rep. James E. Clyburn, D-S.C., unveiled their plan to introduce legislation in the Senate and House to wipe out up to $50,000 in student loan debt for 42 million Americans, CNBC reported. "It's time to decide: Are we going to be a country that only helps the rich and powerful get richer and more powerful, or are we going to be a country that invests in its future?" Warren said in a statement, the news outlet reported. Outstanding education debt is projected to balloon to $2 trillion by 2022 — topping credit card or auto debt levels, the financial news outlet reported. The average college graduate is $30,000 in the hole when they leave school. Warren unveiled her presidential campaign plan to eliminate student debt in April, and details are expected to be … [Read more...] about Elizabeth Warren Advancing Proposal to Wipe Out Student Debt

So whether they are actively recruiting these low-income students for reasons of open-the-door altruism or keep-the-lights-on capitalism — or, more likely, some combination of the two — there has been a huge, largely hidden byproduct of this dramatic increase in access: These students are often being loaded up with staggering debt that is completely out of whack with the earnings boost they’ll likely get from a degree at a nonselective or less selective college. Already, average student loan debt is higher in Boston than any other metro area in the country, 44 percent above the national average, according to Credit Karma. But  more troubling, many of these low-income students — and, at some colleges, most of them — are not graduating. That means these non-completers are leaving campus saddled with lots of debt but none of the salary gains that traditionally come with a bachelor’s degree. RELATED STORY: Poor at an Ivy League school Dean College … [Read more...] about The college debt crisis is even worse than you think