May 21, 2013

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Reporter: Associated Press

Student Debt Stretches to Record 1 in 5 Households

WASHINGTON (AP) -- New research finds that college loan debt has stretched to a record number of U.S. households -- nearly 1 in 5 -- with the biggest burdens falling on the young and poor.

Analysis by the Pew Research Center found that 22.4 million households, or 19 percent, had college debt in 2010. That is double the share in 1989, and up from 15 percent in 2007, just prior to the recession. It's the biggest three-year increase in student debt in more than two decades.

The increase was driven by higher tuition costs as well as rising college enrollment during the economic downturn.

Because of the sluggish economy, fewer college students than before are able to settle into full-time careers immediately upon graduation, contributing to a jump in debt among lower-income households. Pew says many of the young adults take on part-time jobs or attend graduate school.


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Sample SAT Question

  • The Official SAT Question of the Day for Tuesday, May 21

    Part or all of the following sentence is underlined; beneath the sentence are five ways of phrasing the underlined material. Select the option that produces the best sentence. If you think the original phrasing produces a better sentence than any of the alternatives, select choice A.  

    They determine the color and flavor of honey by the flowers from which the nectar is taken.

    1. click to choose answer A  They determine the color and flavor of honey by the
    2. click to choose answer B  Honey’s color and flavor is determined by which
    3. click to choose answer C  Honey’s color and flavor determined by those
    4. click to choose answer D  The color of honey, and its flavor, determined by the
    5. click to choose answer E  The color and flavor of honey are determined by the