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Student Debt and the Class of 2010
College seniors who graduated in 2010 carried an average of $25,250 in student loan debt and also faced the highest unemployment levels for new college graduates in recent history at 9.1 percent.
Our new report looks at promising and problematic practices of financial aid offices when students apply for private student loans.
Our new issue brief Still Denied: How Community Colleges Shortchange Students by Not Offering Federal Loans found that more than one million community college students were denied access federal student loans, the safest and most affordable way to borrow for college.
By the end of October, U.S. colleges must meet a federal requirement to create online "net price calculators." We took an early look at how colleges are approaching this requirement and found mixed results for how easy the calculators were to find, use, and understand.
Our student debt report for the class of 2009 found college seniors carried an average of $24,000 in student loan debt while unemployment climbed from 5.8% to 8.7% in 2009.
This report sheds light on what happens to federal financial aid
applicants after they submit the FAFSA. Using 2007-08 financial aid
data from 13 California community colleges, the Institute found that
one in three likely Pell-eligible applicants did not receive a Pell
Grant.
Student Debt and the Class of 2009