Student Loan Crisis by the Numbers

• Over $100 billion in federal education loans are originated every year.



• In 2009 $11.5 billion of loan principal was in default.



• $23.6 billion in defaulted loans in the FFEL program



• $23.8 billion in defaulted loans in Direct Loan program

TOTAL OVERALL DEFAULT $47.4 billion

• The estimated total private student loan debt outstanding as of June 30, 2009 was about $157.8 billion.



• Public sector workers are NOT required to pay back their loans after 10 years of service.



• Of college graduates age 25 and under, 22.4% are not working at all, 22% are working in jobs that require NO college degree.

• Over the last 20 years, universities and colleges have doubled their full-time support staff. At the same time enrollment only increased 40%. Full-time instructors increased about 50% and managers increased about 50%.



• Public universities and colleges have increased their tuition by as much as 30% for the 2010-2011 year.
  



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