Education

5 mindblowing facts about student debt.

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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.