| Author(s): | Project on Student Debt |
| Title: | High hopes, big debts |
| Source: | http://projectonstudentdebt.org/files/pub/High_... |
| Date: | 2006 |
| Organization: | |
| Short Description: | "The number of college graduates with high levels of student debt has skyrocketed since the early 1990s, even after accounting for inflation." |
| Annotation: | "The number of college graduates with high levels of student debt has skyrocketed since the early 1990s, even after accounting for inflation. In 1993, 1.3% of graduating seniors with student
loans owed at least $40,000 (in 2004 dollars). In 2004, 7.7% owed $40,000 or more. That represents
a 10-fold jump from approximately 7,000 to 77,550 new graduates with high debt. At double the
national average, $40,000 is more than most people can manage to repay in 10 years." |
| Link: |
View Full Text
|
