By Anthony Silva |Staff Writer| While CSUSB student debt ranks among the highest in the state, California’s college students will reportedly graduate with some of the lowest debt levels. The Institute for College Access and Success released its 2013 report on student debt and California ranked as the state with the second lowest average debt. Overall, the average college graduate borrowed $28,400. This was a two percent increase from the $27,850 average reported in 2012, according to the Institute’s report. Some states, including New Hampshire and Delaware, reported debt increases of up to 10 percent. In California, the average debt for a college graduate was $18,656 and … [Read more...] about Student debt highest at CSUSB
By Daniel DeMarco |Assistant Features Editor| Over 40 million Americans have student loan debt; a population greater than the entire population of Canada, Australia, Poland, North Korea, and over 200 other countries, according to The Huffington Post. There are two potential signs we are heading for another economic downturn, dealing in the housing and automotive markets. The impact of student debt has translated into over $6 billion in losses for automotive sales every year, based on a report by One Wisconsin Institute, an organization involved in fixing the student debt crisis. General Motor’s chief economist, Dr. G. Mustafa Mohatarem, also cites student debt as a major … [Read more...] about Potential signs of economic decline
By Daniel DeMarco |Assistant Features Editor| CSUSB graduates have the highest average student loan debt of any Cal State or UC in the state at $23,656, according to the website projectonstudentdebt.org. According to a previous article the Coyote Chronicle stated, “Sixty-one percent of CSUSB students graduate with student loan debt, which is 10 percent above the state average.” A reason that this is such an issue could be related to college students who are also the first in their family to attend college. Sid Robinson, who retired as the associate vice president of public affairs for CSUSB on Jan. 31, 2014 said, “About 70 percent of our graduates are the first in their families … [Read more...] about First time students and debt
By Angel Lizardi |Staff Writer| Statistics show that 60 percent of graduating seniors at CSUSB are borrowing money for their education, which is 10 percent higher than the state average, according to college-insight.org. College-insight.org shows that 61 percent of CSUSB students graduate with student loan debt, which is 10 percent above the state average. College Insight is an initiative of the institute of College Access and Success which provides data to colleges and universities across the country on college affordability, success and diversity. Although the data shows that CSUSB students’ average student loan debt has decreased by $3,000, students have been taking out more student … [Read more...] about Why are students shackled with debt?