Sunday, October 24, 2010

The Project on Student Debt. Student Debt and the Class of 2009


[mEDITate-OR:
not see that some of U.S. are drowning in debt...
even before we are able to earn the funds to re-pay it.

"They" said they did not increase your taxes.
"They" increased your parents and grandparents SS, Medicare & Medicare benefits.
But, "They" did not increase anybody's contribution to pay for it.
"They" will have to cut your benefits.

"They" have, and will even more, increase your tuition.
"They" did not increase your student aid.
"They" increased your more expensive student loans...
and cut the less expensive ones.

When you get, or got, out, there will be no jobs for you.
You will not be eligible for unemployment insurance...
you weren't working, by "their" definitions.

"They" wish you the absolute best...!
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Average debt by state
October 22, 2010

Highest
1. District of Columbia
$30,033
2. New Hampshire
$29,443
3. Maine
$29,143
4. Iowa
$28,883
5. Vermont
$27,786
26. Illinois
$22,049
Lowest
49. Utah
$12,860
48. Georgia
$16,568
47. Nevada
$16,742
46. Wyoming
$17,084
45. Delaware
$17,200
Figures for Hawaii and Idaho were not included because of incomplete data
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College seniors who graduated in 2009 carried an average of $24,000 in student loan debt. Meanwhile, unemployment for recent college graduates climbed from 5.8% in 2008 to 8.7% in 2009 - the highest annual rate on record for college graduates aged 20 to 24. Our new report, Student Debt and the Class of 2009, includes average debt levels for the 50 states and District of Columbia and more than 1,000 U.S. colleges and universities.
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The Project on Student Debt
Student Debt and the Class of 2009
http://www.projectonstudentdebt.org/
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Student Loan Debt Continuing to Rise, New Report Finds
http://www.nasfaa.org/publications/2010/rnloandebtreport102210.html
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