“The roughly two-thirds of U.S. students who take out loans to finance their college education can end up in a situation most resembling the historical concept of indenture.”
The Student Loan Debt Crisis in 9 Charts: Nearly $1 trillion in debt, millions in unpaid loans: the numbers behind how Americans are struggling to pay for college.
The Student Loan Debt Crisis in 9 Charts: Nearly $1 trillion in debt, millions in unpaid loans: the numbers behind how Americans are struggling to pay for college.
“Fifty percent of the class of 2011 was unemployed or dramatically underemployed. In another survey, only 16 percent of employers reported that new hires from four-year colleges were “very qualified” for the workforce. Academically, one study showed that only 45 percent of students showed any meaningful cognitive gains after three semesters. Regardless of what one considers the purpose of college to be, it is clear that costly dysfunction is plaguing the system.”
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