Document Type

Presentation

Publication Date

4-21-2016

Disciplines

Accounting | Business | Education | Finance and Financial Management | Higher Education

Advisor

Warren Bostrom, Accounting and Finance

Abstract

In 2010 student loans became the second largest portion of US debt. Today, the estimated total is 1.4 trillion. Over the last decade the average debt per student has increased 56%, which is double the inflation rate for that period. The graduating class of 2014 left college with an average of about $29,000 of debt. Lastly, the number of federal borrowers today is 7.5 million and growing. This presentation examines how student debt affects students’ spending choices after college and what has changed in these patterns over the last decade.

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