Shocking Statistics

1. National Center for Statistics projects the student population will reach 23 million by 2020.  
         *Projections of Education Statistics to 2020 Thirty-ninth Edition September 2011 William J. Hussar National Center for Education Statistics Tabitha M. Bailey IHS Global Insight
2. US News estimates that living expenses will determine college affordability.
      * US News and World Report “Estimate Living Expenses to Determine College Affordability” by Farran Powell
3. College Board estimates that the typical living cost for a full time student attending college during the 2016-17 academic year range from $11,810 on a low budget to $17,620 on a moderate spending plan.
4. Americans owe more than $1.3 trillion in student loan at the end of June  2017 which is more than 2 1/2 times what they owed a decade ago.
            *Pew Research Center,  “5 Facts about Student Loans” Aug. 24, 2017 by Anthony Cilluffo
5.  The average parent borrowers $21,000 in student loan for their children’s education, according to a recent study by researchers at the University of Southern California and the University of S. Carolina.
            *CNBC Personal Finance,   December 27, 2016 by Tom Anderson
6. In 2015, more than 210,000 people age 65 and older had a Parent Plus Loans, more than a quarter of those borrowers have defaulted, and more then 7300 people had money taken out of the Social Secutiry checks to pay back their Parent Plus Loans, according to a recent report from the US Government Accountability Office.
            *CNBC Personal Finance,   December 27, 2016 by Tom Anderson