{"id":47095,"date":"2012-05-21T11:30:13","date_gmt":"2012-05-21T16:30:13","guid":{"rendered":"http:\/\/thesocietypages.org\/socimages\/?p=47095"},"modified":"2013-11-08T04:28:54","modified_gmt":"2013-11-08T09:28:54","slug":"student-loan-debt-now-exceeds-100-billion-why","status":"publish","type":"post","link":"https:\/\/thesocietypages.org\/socimages\/2012\/05\/21\/student-loan-debt-now-exceeds-100-billion-why\/","title":{"rendered":"Student Loan Debt Now Exceeds 100 Billion. Why?"},"content":{"rendered":"

You’ve probably heard someone in media or politics bemoan the ballooning student debt in the U.S. \u00a0In fact, debt has<\/em> been rising. \u00a0It’s more than doubled in the last ten years (that’s a more than 100% increase):\"\"<\/a>
\nThis debt, though, can’t be attributed primarily to the rising cost of education, as Planet Money<\/a> explains. \u00a0The average debt load for a student graduating from a public school, for example, has risen by 20%:\"\"<\/a>
\nThe average debt load for a student coming out of a private school has gone up a bit more, but still not enough to account for the leap in overall student debt.\"\"<\/a>
\nThe increase in debt, it turns out, is largely accounted for by an increase in the number of people going to college. \u00a0In 1970, 8,500<\/del>\u00a08,500,000 people enrolled in college in the Fall; in 2009, that number exceeded 20,000<\/del>\u00a020,000,000 (source<\/a>). \u00a0A more than 100% increase.<\/p>\n

So, the story isn’t quite as dire as we might think. \u00a0This may be little consolation, though, for my students who walked across the stage yesterday. \u00a0Congrats, Seniors! :)<\/p>\nLisa Wade, PhD<\/a> is an Associate Professor at Tulane University. She is the author of <\/em>American Hookup<\/a>, a book about college sexual culture; a textbook about gender<\/a>; and a forthcoming introductory text: <\/em>Terrible Magnificent Sociology<\/a>.\u00a0You can follow her on Twitter<\/a> and Instagram<\/a>.<\/em><\/span>","protected":false},"excerpt":{"rendered":"

You’ve probably heard someone in media or politics bemoan the ballooning student debt in the U.S. \u00a0In fact, debt has been rising. \u00a0It’s more than doubled in the last ten years (that’s a more than 100% increase): This debt, though, can’t be attributed primarily to the rising cost of education, as Planet Money explains. \u00a0The […]<\/p>\n","protected":false},"author":51,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[209,36,34,253],"class_list":["post-47095","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-academia","tag-economics","tag-education","tag-history"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts\/47095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/comments?post=47095"}],"version-history":[{"count":11,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts\/47095\/revisions"}],"predecessor-version":[{"id":58363,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts\/47095\/revisions\/58363"}],"wp:attachment":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/media?parent=47095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/categories?post=47095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/tags?post=47095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}