In July, 2013, Sallie Mae released its annual report, “How America Pays for College.” Ipsos Public Affairs conducted the survey, which focuses on undergraduate students, ages 18 to 24 years old. Half of the survey population were enrolled students; the other half included parents of enrolled undergraduate students. The most recent edition of the report examines how Americans paid for college for the 2012-13 academic year, most likely relevant only for “traditional” students (18-24 year olds attending college full-time after high school graduation).A
An August 11th article in The New York Times caught my attention. Written by Tamar Lewin, the article describes a policy brief released by the College Board which concludes that for the most part, recent graduates are carrying “manageable” debt loads. Using data published in the Department of Education’s National Postsecondary Student Aid Study, the policy brief notes that while the number of students using loans to pay for their post-secondary educations has increased in the last five years, the volume of students who carry overly burdensome levels of debt upon graduation remains small in comparison.