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Our Project on Student Debt increases public understanding of rising student debt and the implications for our families, economy, and society. To learn more about TICAS, visit [ticas.org](ticas.org) and follow us on Twitter at @TICAS org.  \nStudent Debt and the Class of 2020, our sixteenth annual report on debt at graduation, was researched and written by TICAS’ J. Oliver Schak, Nancy Wong, and Ana Fung. All of the college-and state-level debt data used for the report are available online at [ticas.org/interactive-map/](ticas.org/interactive-map/. Historical)[. Historical](ticas.org/interactive-map/. Historical)[ ](ticas.org/interactive-map/. Historical)[data are also available with additional information on more than 13](data are also available with additional information on more than 13),[000](000) U. S. colleges at College[Insight.org](Insight.org), TICAS’ higher education data site.  \nWe are grateful to our foundation partners and individual donors whose support makes TICAS’ work possible. Current foundation funding for our Project on Student Debt and other national research and policy work comes from the Bill & Melinda Gates Foundation, The Rosalinde and Arthur Gilbert Foundation, the Joyce Foundation, The Kresge Foundation, and Lumina Foundation. The views expressed in this paper are solely those of TICAS and do not necessarily reflect the views of our funders.  \nThis report can be reproduced, with attribution, within the terms of this Creative Commons license: [creativecommons.org/licenses/by-nc-nd/3.0/](creativecommons.org/licenses/by-nc-nd/3.0/) .  \nTable of Contents  \nOVERVIEW AND KEY FINDINGS 4  \nNote About Student Debt Averages Nationwide 6  \nSTUDENT DEBT TRENDS AND UNFOLDING IMPACTS OF COVID-19 7  \nThe Impact of the COVID-19 Pandemic on California’s College Students 9  \nSTUDENT DEBT BY STATE 10  \nSTUDENT DEBT BY SCHOOL TYPE 12  \nCollege (Un)Affordability for Undocumented Students and DACA Recipients 15  \nNONFEDERAL STUDENT DEBT 16  \nNote About Data on Nonfederal Student Debt 18  \nDATA ON DEBT AT GRADUATION 25  \nPOLICY RECOMMENDATIONS 27  \nMETHODOLOGY: WHERE THE NUMBERS COME FROM AND HOW WE USE THEM 31  \nOVERVIEW AND KEY FINDINGS  \nStudent Debt and the Class of 2020 is TICAS’ sixteenth annual report on the student loan debt of recent graduates from four-year colleges, documenting changes and variation in student debt across states and colleges. Unless otherwise noted, the figures in this report are only for public and private nonprofit colleges because virtually no forprofit colleges report what their graduates owe.  \nState averages for debt at graduation in 2020 ranged from $18,350 (Utah) to $39,950 (New Hampshire), and new graduates’ likelihood of having debt varied from 39 percent (Utah) to 73 percent (South Dakota) . In 19 states, average debt was more than $30,000, and it was over $35,000 in six states. Many of the same states appear at the high and low ends of the spectrum as in previous years. High-debt states remain concentrated in the Northeast and low-debt states are mainly in the West. See page 11 for a complete state-by-state table for 2020.  \nThe private student loan market has increased rapidly in recent years from $92.6 billion in 2014 to $136.3 billion in 2021, and now comprises about eight percent of all undergraduate and graduate debt. While there is broad consensus that students should exhaust federal loan eligibility before turning to other types of loans, the most recent federal data show that more than half of undergraduates who take out private loans have not used the maximum available in federal student loans. Private debt also varies greatly across states and colleges. Among 2020 bachelor’s degree graduates, the share of private loan borrowers exceeded 15 percent in","cbCaiabgWvixppBW","https://ap.wps.com/l/cbCaiabgWvixppBW","pdf",1675775,38,"English","# Overview and Key Findings\n## Note About Student Debt Averages Nationwide\n## Student Debt Trends and Unfolding Impacts of COVID-19\n## Student Debt by State\n## Student Debt by School Type\n## Nonfederal Student Debt\n## Data on Debt at Graduation\n## Policy Recommendations\n## Methodology: Where the Numbers Come From and How We Use Them","[{\"question\":\"What does Student Debt and the Class of 2020 measure?\",\"answer\":\"It analyzes student loan debt for recent graduates from four-year colleges, documenting changes and variation in debt across states and colleges.\"},{\"question\":\"How does the report describe private student loan trends?\",\"answer\":\"It reports that the private student loan market has grown substantially in recent years and that private debt varies across states and colleges, with many borrowers not exhausting federal eligibility first.\"},{\"question\":\"What is addressed regarding COVID-19 in the report?\",\"answer\":\"It discusses how the pandemic coincided with enrollment declines for BIPOC and low-income students, and outlines concerns about college affordability and unaffordable debt burdens, along with policy responses.\"}]","Student Debt and the Class of 2020 | PDF",1792059184,96]