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It highlights that although student loan balances total about $1.6 trillion, delinquency fell in 2020–2021 due to CARES Act funding and Education Department actions, and it addresses concerns that risks could rise when support ends. Key data cover borrower distribution, differences between public and private colleges, how loans are used by undergraduates versus graduate students, and cohort default rates across institution types.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/student-debt-ninth-edition-january-2022-the-issue/583715/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/student-debt-ninth-edition-january-2022-the-issue/583715.png","ImageObject",300,407,{"name":92,"@type":93},"Connor ","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-29","2026-10-15",true,{"@type":102,"interactionType":103,"userInteractionCount":34},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"Why did delinquency levels drop in 2020–2021?","Question",{"text":112,"@type":113},"CARES Act funding and actions by the U.S. Department of Education led to historically low delinquency during 2020–2021.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How many borrowers owed $100,000 or more in 2021?",{"text":117,"@type":113},"In 2021, only 7% of all borrowers owed $100,000 or more, while the majority (75%) owed less than $40,000.",{"name":119,"@type":110,"acceptedAnswer":120},"Do most private college students borrow debt to enroll?",{"text":121,"@type":113},"Nearly three out of ten recent bachelor’s degree graduates from private four-year colleges had no educational debt, and the presentation compares average debt and starting salaries between public and private institutions.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},583715,1792188740,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":34,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},687207022233,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","STUDENT DEBT  \nKNOW THE FACTS  \nNinth Edition  \nJanuary 2022  \nThe Issue  \nWith student loan debt reaching approximately $1.6 trillion, 1 many are concerned that student loans may be the next financial bubble to burst.  \nCARES Act funding and U.S. Department of Education actions led to historically low levels of delinquency in 2020-2021. However, there is concern that issues will balloon as soon as governmental action and support are removed, which could lead to a great deal of uncertainty around student loan debt.  \nWhat is the truth? This presentation presents the facts about college students’ indebtedness, relying on the most recent data available .  \n1. Federal Reserve Bank of New York Consumer Credit Panel/Equifax, Quarterly Report on Household Debt  \nand Credit, Q3 2021.  \nCouncil of Independent Colleges, January 2022  \nPERCEPTION  \nMany students owe more than $100,000 when they graduate .  \nFACT  \nIn 2021, only 7 percent of all borrowers owed $100,000 or more in student debt. In fact, the majority (75 percent) owe  \nless than $40,000.1  \nObtaining a college degree on average adds $1,000,000 to  \nlifetime income .2  \nA private college graduate  \ntypically earns $53,8563 in the  \nfirst year after graduation .  \n1. The College Board, Trends in Student Aid 2021, p. 40.  \n2. Georgetown University Center on Education and the Workforce, The College Payoff, Executive Summary, p. 2.  \n3. NACE, First Destinations for the Class of 2020, p. 9.  \nCouncil of Independent Colleges, January 2022  \nAverage Student Loan Debt per Bachelor’s Degree Recipient  \n$25,000  \n$20,000  \n$15,000  \n$10,000  \n$5,000  \n$0  \n$21,500 $21,700  \n$19,400  \n$14,500  \n$12,900  \n$17,400  \n$19,000  \n$14,500  \n2004-2005  \n2009-2010  \n Public Four-Year  \n2014-2015 2019-2020  \n Private Four-Year  \nSource: The College Board, Trends in Student Aid 2021, p.43 . All totals are expressed in 2020 dollars.  \nCouncil of Independent Colleges, January 2022  \nPERCEPTION  \nBecause private colleges are so expensive, students had to borrow an unrealistic amount to enroll in one .  \nFACT  \nNearly three out of ten students who recently graduated with a bachelor’s degree from a four-year private college or university had no educational debt.  \nFor those with debt, the difference between the average debt levels for graduates of public versus private institutions is $4,500 . Meanwhile, the average private college graduate’s starting salary is larger by $4,282 .1  \nAlso, 65 percent of private college graduates in 2015–2016 completed their degrees within four years or less; the average time to degree for private college graduates was seven months faster than their peers at public institutions .2  \n1. The College Board, Trends in Student Aid 2021, p. 43; NACE, First Destinations for the Class of 2020, p. 9.  \n2. U.S. Department of Education, National Center for Education Statistics, Baccalaureate and Beyond (B&B:16/17): A First Look at the Employment and Educational Experiences of College Graduates, 1 Year Later (NCES 2019-241) .  \nCouncil of Independent Colleges, January 2022  \nDistribution of Total Undergraduate Debt  \n0% 5% 10% 15% 20% 25% 30% 35% 40%  \nNo Debt  \nLess than $10,000  \n$10,000-$19,999  \n$20,000-$29,999  \n$30,000-$39,999  \n$40,000 or more  \n|  |  |  |  |  |\n| --- | --- | --- | --- | --- |\n\n30%  \n16%  \n10%  \n13%  \n9%  \n12%  \n13%  \n13%  \n18%  \n15%  \n16%  \n12%  \n10%  \n14%  \n18%  \n12%  \n33%  \n Private Four-Year  Public Four-Year  For-Profit Four-Year  \nSource: U.S. Department of Education, National Center for Education Statistics, 2015–16 National Postsecondary Student Aid Study (NPSAS:16) Analysis by the Council of Independent Colleges.  \nCouncil of Independent Colleges, January 2022  \n37%  \n.  \nPERCEPTION  \nMost student loans are used to pay for undergraduate study.  \nFACT  \nGraduate students, who make up about 16 percent of all postsecondary students, accounted for 47 percent of federal loans in 2020-2021 .1  \nSince 2011-2012, the share of undergraduate students borrowi","cbCaibiNQ7ffZfgd","https://ap.wps.com/l/cbCaibiNQ7ffZfgd","pdf",524602,23,"English","# Student debt overview\n## Perception vs facts: borrower balances and college payoff\n## Perception vs facts: private college borrowing\n## Perception vs facts: how loans are used (undergraduate vs graduate)\n## Perception vs facts: default rates by institution type","[{\"question\":\"Why did delinquency levels drop in 2020–2021?\",\"answer\":\"CARES Act funding and actions by the U.S. Department of Education led to historically low delinquency during 2020–2021.\"},{\"question\":\"How many borrowers owed $100,000 or more in 2021?\",\"answer\":\"In 2021, only 7% of all borrowers owed $100,000 or more, while the majority (75%) owed less than $40,000.\"},{\"question\":\"Do most private college students borrow debt to enroll?\",\"answer\":\"Nearly three out of ten recent bachelor’s degree graduates from private four-year colleges had no educational debt, and the presentation compares average debt and starting salaries between public and private institutions.\"}]","STUDENT DEBT - Ninth Edition - January 2022 - The Issue | PDF",1792048157,58]