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- Student loan debt is currently at 1.4 trillion and climbing.
- 27% of college students move back in with their parents after graduation.
- The CT average debt for graduating public college seniors is $34,773.
- The CT average debt for graduating private non-profit college seniors was $34,596.
- The lowest CT average debt for graduating private non-profit college seniors was Yale.
- Student loans are accruing nationally at a rate of $3,000 per second.
- Since 1999, student loan debt has increased by 500% while incomes for young workers have decreased by 10% since the year 2000.
- The Congressional Budget Office projects that the Federal Government made about $66 BILLION on student loans in 2015, which is more than Exxon-Mobile made.
- Americans owe more in student loan debt than credit card debt.
- 40% of student loan borrowers are delinquent at some point on their loans within the first 5 years.
- More than 40 million Americans have student loan debt.
- It is nearly impossible to shed federal or private student loan debt through bankruptcy.
- 71% of students that graduate from four year colleges have student loans.
- 65% of high-debt student loan borrowers didn’t understand the terms of their loans.
- 15% of student loans are held privately.
- 15% of undergraduate and graduate students have over $100,000 in debt.
- College tuition costs rose 275% from 1970-2013 (after adjusting for inflation).
- The U.S. Government can garnish wages and withhold tax-refunds to satisfy unpaid student debt.
- Only 28% of student loan borrowers know about fact #18.
- Student loans are causing young people to get married later and delay major purchases.
- 37 million people have outstanding loan balances.
- Private student loans can be passed on to your family after your death.
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