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A US Department of Education longitudinal survey of 15,000 high school students in 2002 and 2012, found that 84% of the 27-year-old students had some college education, but only 34% achieved a bachelor's degree or higher; 79% owe some money for college and 55% owe more than $10,000; college dropouts were three times more likely to be unemployed ...
For-profit institutions had the highest average three-year default rates at 22.7 percent, and public institutions rates were 11 percent and private non-profit institutions at 7.5 percent. More than 3.6 million borrowers from over 5,900 schools entered repayment during 2008–2009, and approximately 489,000 of them defaulted.
Student loans totaled more than $1.3 trillion, averaging $25,000 each for 40 million debtors. The debtors average age was 33. Forty percent of the debt was owed by people 40 or older. [37] In a 2017 report by the National Center for Education Statistics, the researchers found that 27% of all student loans resulted in default within 12 years. [33]
A college education has become a rite of passage for many students in America, and studies continue to show that college graduates are more likely to become higher earners than those without a degree.
In 1980, the annual cost of attending a four-year college was $10,231. By 2019, it rose to $28,775 — a 180% increase . Even just from February 2020 to February 2023, college tuition costs have ...
In 1950, the average American life span was 65 years, he pointed out during a panel he spoke at called “Navigating Longer Life Spans.” Today, it’s more like 77.5 years—an almost 13-year gain.
Selection of a four-year college as compared to a two-year junior college, even by marginal students such as those with a C+ grade average in high school and SAT scores in the mid 800s, increases the probability of graduation and confers substantial economic and social benefits. [33] [34] [35]
Scientists may have found the reason women live longer than men. A study found men’s life expectancy in the U.S. is six years less than women’s.