Trey Abbe

New College Related Trends

• 50 & Older: The 2nd fastest growing age group for student loan debt – Department of Education
• 60 & Older: #1 fastest growing age group for student debt – Grew by 33% in 2020! – Fidelity
• Students with no College Plan spend up to 3.5 times more for college – Sallie Mae
• 60% of grads take 6 years or more to complete a 4-year degree – Department of Education
• Students are training for jobs that no longer exist – NBC News
• 41% of recent pre-COVID college grads work in jobs that don’t require a degree – Federal Reserve
• 500,000 students have worthless credits & degrees from colleges that closed over the past 5 years – AACRAO
• 4.6 million families walk away from free college money every year – Forbes