This women has just seen her student loan bill.
According to an annual nationwide survey released today, about two-thirds of incoming students said they had “some” or “major” concern about their ability to pay for their education.
The percentage of those with “some” concern — 55.4 — was at its highest level since 1971. The number of students taking out loans was at its highest in nine years, at 53.3 percent. The number whose fathers were unemployed — 4.5 percent — was the highest in the history of the survey. The number of students whose mothers were unemployed was higher — 7.9 percent — and at its highest since 1979.
“What all this points to is that they are going to be graduating with a larger debt burden than students in the past,” Mr. Pryor told the NYT. More fun stats below! Continue reading
The face ready to take on the student loan system.
Name: Ms. C. Cryn Johannsen
Major: B.A. in History with honors, University of Kansas; German Language Studies, Goethe Institute, Munich, Germany; M.A. in the Social Sciences, University of Chicago; M.A. and Ph.D. research in the intellectual and cultural history of Modern Europe, Brown University; Exchange Scholar, German Intellectual History, Harvard University
What I do all day: Too many things to list, but here it goes: I am a salesclerk, an advocate for people struggling to pay their student loan debt, a freelance writer, a legislative researcher for United Professionals, and also the creator of Education Matters. I like to tell customers at the high end dept. store about my background. I think some of them are horrified when I say that I went to an Ivy, while others are sympathetic. It’s shocking how nasty rich people can be. Oh, well . . .I used to teach these people’s kids as a grad student (and it was an honor and a privilege), now I sell them fancy cashmere sweaters. As of February, I’ll be teaching English and History at a private institute abroad.