Kokomo Tribune; Kokomo, Indiana

Breaking News

State News

October 18, 2012

Debt averages up again for recent college grads

New York — It's the latest snapshot of the growing burden of student debt and it's another discouraging one: Two-thirds of the national college class of 2011 finished school with loan debt, and those who borrowed walked off the graduation stage owing on average $26,600 — up about 5 percent from the class before.

The latest figures are calculated in a report out Thursday by the California-based Institute for College Access and Success (TICAS) and likely underestimate the problem in some ways because they don't include most graduates of for-profit colleges, who typically borrow more than their counterparts elsewhere.

Still, while 2011 college graduates faced an unemployment rate of 8.8 percent in 2011, even those with debt remained generally better off than those without a degree. The report emphasized research showing that the economic returns on college degrees remain, in general, strong. It noted the unemployment rate for those with only a high school credential last year was 19.1 percent.

The latest figures come at a time of increasing alarm about the sheer scope of student debt nationally, which by some measures has surpassed $1 trillion. Recent government figures show nearly 10 percent of borrowers of federal student loans in the most recently measured cohort had already defaulted within two years of starting repayment.

1
Text Only | Photo Reprints
State News
  • Pacers say practice got physical before Game 1

    Pacers guard Lance Stephenson acknowledged Wednesday that he and Evan Turner got into a practice "scuffle" last week before Game 1 against Atlanta but denied the two threw any punches.

    April 23, 2014

  • Eastern Howard Co. lawmaker skips ethics hearing

    Indiana House Speaker Pro Tem Eric Turner is avoiding the House Ethics Committee's review of his case but says he did nothing wrong in filings with the panel.

    April 23, 2014

  • Purdue shooting suspect seeks to drop lawyer

    A judge has turned down a request from the man charged with killing a fellow Purdue University student during a classroom attack that he be allowed to fire his defense attorney and represent himself in court.

    April 23, 2014

  • House panel reviewing Howard Co.-area lawmaker

    The Indiana House Ethics Committee is set to review a senior lawmaker who worked in private to block legislation that would have cost his family's company millions of dollars in profits.

    April 23, 2014

  • Shots fired at cars, homes of SW Indiana officers

    Investigators are seeking the public's help in finding whoever fired shots over the weekend at the cars and homes of police officers in a southwestern Indiana city.

    April 23, 2014

  • Hospital system closing Lafayette emergency room

    A hospital system is shutting down the emergency and intensive care units at its campus near downtown Lafayette.

    April 23, 2014

  • Republican activists push party on gay marriage

    As bans against gay marriage crumble and public opinion on the issue shifts rapidly, some Republicans are pushing the party to drop its opposition to same-sex unions, part of a broader campaign to get the GOP to appeal to younger voters by de-emphasizing social issues.

    April 23, 2014

  • Culinary school proposed for former hall of fame

    The South Bend Redevelopment Commission will consider a request to take the former College Football Hall of Fame building off the market for six months to give Ivy Tech Community College time to determine whether to place its culinary program there.

    April 23, 2014

  • Reservoir opponents take message to Earth Day

    Opponents of a proposed reservoir along the White River are planning to use this weekend's Earth Day festivals to rally public opposition against the project.

    April 23, 2014

  • Indiana: Security bars Native American ceremonies

    State attorneys say security concerns keep Indiana from allowing Native American offenders in a prison from practicing their religion without outside supervision.

    April 22, 2014

Latest news
Featured Ads
Only on our website
AP Video
U.S. Paratroopers in Poland, Amid Ukraine Crisis US Reviews Clemency for Certain Inmates Raw: Violence Erupts in Rio Near Olympic Venue Raw: Deadly Bombing in Egypt Raw: What's Inside a Commercial Jet Wheel Well Raw: Obama Arrives in Japan for State Visit Raw: Anti-Obama Activists Fight Manila Police Motels Near Disney Fighting Homeless Problem Michigan Man Sees Thanks to 'bionic Eye' Obama to Oso: We'll Be Here As Long As It Takes Bon Jovi Helps Open Low-income Housing in Philly S.C. Man Apologizes for Naked Walk in Wal-Mart New Country Music Hall of Fame Inductees Named 'Piles' of Bodies in South Sudan Slaughter SCOTUS Hears Tv-over-Internet Case Chief Mate: Crew Told to Escape After Passengers
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries
Poll
Kelly Lafferty's video on Tom Miller