Thankfully we don't think we will need to burden him with a student loan. The Obama administration has increased student loan interest, failed to collect loans and the price of tuition has increased.
$1 Trillion:
|
Student Loan Debt Has
Eclipsed The Trillion Dollar Figure. (Josh Mitchell And Maya Jackson-Randall, “Student-Loan Debt Tops
$1 Trillion,” The Wall Street Journal, 3/22/12)
|
$85 Billion:
|
Total Of Student Loan
Past Due Balances. (Meta Brown, Andrew
Haughwout, Donghoon Lee, Maricar Mabutas, And Wilbert van der Klaauw,
“Grading Student Loans,” Federal Reserve Bank Of New York,
3/5/12)
|
$67 Billion:
|
Student Loans In
Default. (John Hechinger,
“Obama Relies On Debt Collectors Profiting From Student Loan Woe,” Bloomberg, 3/26/12)
|
$1 Billion:
|
Commissions Paid To
Debt Collectors Over The Past Year. (John Hechinger, “Obama Relies On Debt Collectors Profiting From
Student Loan Woe,” Bloomberg, 3/26/12)
|
14 Million:
|
Young Adults That Are
Unemployed Or Underemployed. (Derek Thompson, “No Country For Young Men (Or Young Women),” The Atlantic,
11/8/11)
|
5.7 Million:
|
Americans That Have A
Past-Due Student Loan Account. (Meta Brown, Andrew Haughwout, Donghoon Lee, Maricar Mabutas,
And Wilbert van der Klaauw, “Grading Student Loans,” Federal Reserve Bank Of New York,
3/5/12)
|
1.5 Million:
|
Unemployed Or
Underemployed Bachelor’s Degree Holders Under The Age Of 25. (Hope Yen, “1 In 2 New Graduates Are Jobless
Or Underemployed,” The Associated Press,
4/23/12)
|
$25,250:
|
Average Student Loan
Debt Today. (“Student Debt And
The Class Of 2010,” Project Student Debt,
11/11)
|
$23,200:
|
Average Student Loan
Debt When Obama Assumed Office. (“Student Debt And The Class Of 2008,” Project Student Debt,
12/09)
|
$8,244:
|
Average Tuition For An
In-State Four Year College Today. ("Trends In College Pricing 2011," College Board, 2011)
|
$6,585:
|
The Average Tuition
For An In-State Four Year College When Obama Assumed Office. ("Trends In College Pricing 2008," College Board, 2008)
|
3,500:
|
Jobs Lost At Sallie
Mae Due To Obama’s Student Loan Takeover. (Denise Allabaugh, “Sallie Mae Goes Nasdaq,” The Times-Tribune, 12/13/11)
|
60%:
|
Student Loan Balance
Increase Over Previous Five Years. (Andrew Martin And Andrew W. Lehren, “A Generation Hobbled By
The Soaring Cost Of College,” The New York Times, 5/12/12)
|
54%:
|
Employment Rate For 18
To 24 Years Old, The Lowest Ever. (Christine Tierney and Marisa Schultz, “Young Voters Lose
Enthusiasm Amid Anemic Economy,” The Detroit News,
5/16/12)
|
53.6%:
|
Percentage Of
Bachelor’s Degree Holders Under The Age Of 25 That Are Jobless Or
Underemployed. (Hope Yen, “1 In 2 New
Graduates Are Jobless Or Underemployed,”The Associated Press,
4/23/12)
|
40%:
|
Graduates Who Have
Delayed Life Milestones Due To Student Debt. (Andrew Martin And Andrew W. Lehren, “A
Generation Hobbled By The Soaring Cost Of College,” The New York Times , 5/12/12)
|
30%:
|
Students Loans That
Have Past-Due Balances Of 30 Days Or More. (Tom Raum, “Recovery Threatened By Runaway Student Loan Debt,” The Associated Press, 4/3/12)
|
30%:
|
Young Adults Returning
To Live With Their Parents. (Husna Haq, “Three In 10 Young Adults Live With Parents, Highest
Level Since 1950s,” The Christian Science Monitor,
3/15/12)
|
25%:
|
Tuition Increase Under
Obama. ("Trends In
College Pricing 2008," College Board, 2008;
"Trends In College Pricing 2011," College Board, 2011)
|
24.9%
|
Unemployment Rate For
16 To 19 Year Olds. (BLS, Accessed 5/7/12)
|
18%:
|
Decrease In Obama’s
Approval Rating From 2009 To Today. (Philip Elliott, “Once Obama’s, Younger Voters In Play This
Election,” The Associated Press,
4/25/12)
|
17%:
|
Parents That Took Out
A Loan To Finance To Pay For Their Children’s College Education. (Eric Plainin, “Student Loans Seen As
Potential ‘Next Debt Bomb,’ For U.S. Economy,” The Washington Post, 3/10/12)
|
15.4%:
|
Jobless Rate For 18 To
24 Year Olds. (Christine Tierney and
Marisa Schultz, “Young Voters Lose Enthusiasm Amid Anemic Economy,” The Detroit News,
5/16/12)
|
14.4%:
|
Unemployment Rate For
Young Male Adults. (Derek Thompson, “No
Country For Young Men (Or Young Women),” The Atlantic,
11/8/11)
|
13.2%:
|
Unemployment Rate For
20 To 24 Year Olds Since Obama Took Office. (BLS, Accessed 5/7/12)
|
$10:
|
Amount An Average Grad
Will Save Under Obama’s “We Can’t Wait” Order. (Daniel Indiviglio, “Obama’s Student-Loan
Order Saves The Average Grad Less Than $10 A Month,” The Atlantic, 10/26/11)
|
7.9%
|
Tuition Increase In
Obama’s Second Year. (“Trends
In College Pricing 2010, College Board, 2010)
|
7%:
|
New Graduates’ Incomes
Have Fallen For Each Point Increase In The Unemployment Rate. (Derek Thompson, “No Country For Young Men (Or
Young Women),” The Atlantic,
11/8/11)
|
6.5%:
|
Tuition Increase In
Obama’s First Year. (“Trends In College
Pricing 2009,” College Board, 2009)
|
6%:
|
Drop In Real Earnings
For Workers 18 To 24. (Christine
Tierney and Marisa Schultz, “Young Voters Lose Enthusiasm Amid Anemic
Economy,” The Detroit News,
5/16/12)
|
2:
|
Votes Missed By
Senator Obama On Student Loan Bill He Is Now Trying To Campaign On. (H.R. 2669, "Roll Call Vote #272" :
Passed 79-12: D 48-0; R 29-18; I 1-0, 7/20/07, Obama Missed Vote; H.R. 2669, "Roll Call Vote #326":
Passed 79-12: D 44-0; R 34-12; I 1-0, 9/7/07, Obama Missed Vote)
|
1:
|
Student Loan Provider
Forced Out Of Business By Obama’s Student Loan Takeover. (Karen Sloan, “Big Law School Loan Provider
Getting Out Of The Business,” The National Law Journal, 10/21/11)
|
0
|
Median Number Of Job
Offers For 2012 Graduates. (Josh Boak, “All Dressed Up And Nowhere To Work,” Politico , 5/15/12)
|
0
|
Other People Obama
Will Have Left To Blame For His Failed Higher Education Policies In 2012. (The American People, 11/6/12)
|
