Which college degrees will pay the bills?
College grads are graduating with $2,000+ in debt, according to a new study.
This is according to an analysis of a wide array of federal and state data from the Federal Reserve Bank of St. Louis.
That’s because the average American college graduate is also saddled with $1,000 in student loans, $2.6 trillion in student debt, and another $2 trillion in other debts that are often hidden from the public.
The new study by researchers at the St.
Louis Federal Reserve Institute (FSRI) finds that the average student loan debt in the U.S. is now $19,000, and that it will double to $29,000 by 2021.
The average student loans held by people aged 20 to 24 now total about $20,000 each.
Those are the highest numbers in the study.
It also found that for each $1 in income earned, an American college student will take in an additional $8,000.
That means a typical student owes about $1.6 million in student loan interest in 2021, according the study, published in the August edition of the journal Social Science Research Letters.
It’s important to note that the debt owed by college graduates is not just the debt that they have to repay.
According to the Federal Student Aid Act, students must also make up for any lost wages they might have taken on in an unpaid internship or teaching job.
The total value of all the loans held in the United States is now estimated at $9.3 trillion.
That number is also growing at a slower rate than in previous years, according for example to the National Association of Colleges and Employers.
The Fed’s study does not count private student loans that are issued by private institutions and that are not counted by the federal government.
The study found that the median student loan held by students aged 18 to 24 was $3,000 and the median amount owed by graduates was $1.,600.
It found that a typical graduate owes $14,000 more in student debts than the average borrower in 2021.
Students are taking out more loans to pay for higher education.
The report found that student debt is rising faster than inflation and has more than doubled since 2009.
In 2019, the average debt for a bachelor’s degree was $27,000 while for a master’s degree it was $53,000 — the largest difference among the four majors.
The number of borrowers with student debt increased in 2021 by more than 1,000 percent.
The median amount outstanding for a $100,000 debt was $28,000 last year, but that number has nearly tripled to $161,000 over the last four years, the study found.
The federal government is paying more for college The Fed report also found there was a widening gap in student borrowers’ ability to pay back the loans they took out.
For example, the median debt of borrowers aged 25 to 34 in 2019 was $26,000 whereas the average amount owed to a borrower aged 25 and over in 2021 was $55,000 ($17,000 for a borrower in their 30s and $36,000 a borrower over 65).
The median for borrowers aged 18-24 was $24,000; the median for students aged 25-34 was $36 and for those over 65 it was only $14.
The increase in debt for college graduates has been a big factor behind the higher tuition costs for students, according.
“The federal government has been paying more and more for higher-education programs, and this trend has contributed to higher tuition rates and student loan delinquencies,” the report said.
In some cases, the report noted that the federal Government has spent billions of dollars to support college graduates.
“In many instances, the federal governments and colleges have been subsidizing these costs to help these students afford their education,” the study said.
This trend is also reflected in the average annual cost of attendance for students in 2019 at public colleges and universities.
The cost of attending a four-year public college for a college graduate was $25,923 in 2019, according data from US News & World Report.
That figure is $4,200 more than the cost for a graduate from a private institution.
The National Association for College Admission Counseling (NACAC), a nonprofit that advocates for higher educational access, said that higher education was still “an affordable option for many families.”
The report notes that the costs of attending college are largely driven by financial aid.
“Higher education has become a cheaper option than ever before, with the median loan payment rising from $10,500 in 2014 to $27.8 million in 2019,” the authors wrote.
For a bachelor degree in the 2020-21 academic year, the monthly cost of tuition at public universities in the US was $6,974, while the monthly tuition at private universities was $13,878.
The monthly cost at public four- and five-year universities was about $6.65 million, while at private four- or