5 mindblowing facts about student debt.

Posted on  

"5 mindblowing facts about student debt."

From today’s New York Times:

1. The number of students who have to go into debt to get a bachelor’s degree has risen from 45% in 1993 to 94% today.

2. There is now more than $1 trillion in outstanding student loan debt in the United States.

3. Over the last 10 years, tuition and fees at state schools have increased 72%.

4. During the late 1970s, Ohio spent 17% of their budget on higher education and 4% of prisions. Today, Ohio spends 11% on higher ed and 8% of prisons.

5. This year, national, state and local spending on higher education reached a 25-year low.

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.