Debt
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University of Richmond’s The Collegian newspaper breaks down the two presidential candidates by comparing key numbers and facts checked by Politifact, just in time for a refresher before Election Day.
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College life is getting a reality check! A new study finds that students are giving up expensive schools and living at home instead of on campus in order to manage the sprawling cost of a college education.
The average amount families are spending on college is down by 5 percent, and more parents and students are choosing a college based on cost, according to the annual report conducted for Sallie Mae, the country’s largest lender to students.
“This really reflects the economic conditions that we see today,” said Sarah Ducich, a senior vice president at Sallie Mae. “We are seeing families make adjustments, saving more money and being more cost-conscious.”
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I’ve seen the articles that grown-ups have written about the millennials, characterizing a coddled generation that refuses to grow up. Even with all the self-esteeming and expensive education in the world, these kids still think they can click “like” to change the world, everyone says. Who’s to blame? Where did we go wrong? While these 26-year-olds toil in coffee shops or at unpaid internships waiting to be handed their promised dream jobs, who’s going to pay back all their damn student loans?”
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BANKRUPT USA
A numerical look at the average family’s financial struggles:$126,400
Net worth of the median American family in 2007$77,300
Net worth of the median family in 201040
Percentage drop in wealth over that three-year period15.2
Median percentage of debt that was education-related in 200719.2
Median percentage of education-related debt in 20107
Percentage of Americans late on their debt payments in 200711
Percentage late on payments in 2010
About The 12
The 12 is a group Tumblr of The Washington Post and student journalists in 12 battleground states documenting the 2012 presidential election and capturing perspectives of young voters.
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Do you have interesting news, notes, quotes, campaign materials or multimedia that we should feature? Do you have something to report about young voters?
Contributors to The 12
amzam
ngjennings
ryankellett
slcarothers
washingtonpostpolitics
alison-noon
cpozernick
haleykmetz
jakepdeschuiteneer
lagore2012
mechellehankerson
news-junkie
rileyjsnyder
sarahglen
tessafox
thatgoeshere
thejadedouso
themizzou12
tylerborchers
ymgonzal
zachtilly
