Thursday, October 2, 2008

Project on student debt?


For Americans of all socio-economic backgrounds, borrowing has become a primary way to pay for higher education. The Project on Student Debt works to increase public understanding of this trend and the implications for our families, economy, and society. Recognizing that loans play a critical role in making college possible, the Project's goal is to identify cost-effective solutions that expand educational opportunity, protect family financial security, and advance economic competitiveness.

Borrowers Look Back
FACT – The percentage of former students reporting that they would have borrowed less if they
had to do it again increased from 31% in 1991, to 45% in 1997, to 54% in 2002.

FACT – More than 40% of college graduates who don’t pursue graduate school blame student
loan debt.

FACT – People with undergraduate debt are much less likely to get a PhD that those without
undergraduate debt. Nearly three fourths (72%) of U.S. doctorate recipients who earned their
degrees between July 1, 2003, and June 30, 2004 had zero undergraduate debt. Just 10% of
doctorate recipients had undergraduate debt of more than $20,000.

Fuck I still want to get my PhD at Harvard - I probably shouldn't be telling Gareth this ;)

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