Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

8/22/2013 (2 years ago)

Catholic Online (www.catholic.org)

Average college student racks up more than $10,000 in debt annually

College students are an optimistic lot. They have the rest of their lives to repay their student loans, which according to a new report, is substantial. According to the U.S. Department of Education's National Center for Education Statistics, the federal government provided 71.4 percent of full-time college students with some form of taxpayer-funded aid for their education. These figures were for the 2011-2012 school year.  

College students are an optimistic lot . they have the rest of their lives to repay their student loans, which according to a new report, is substantial.

College students are an optimistic lot . they have the rest of their lives to repay their student loans, which according to a new report, is substantial.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

8/22/2013 (2 years ago)

Published in College & University

Keywords: College loans, student loan debt, ObamaCare, grants


LOS ANGELES, CA (Catholic Online) - The report found that 55.2 percent of full-time college students in the 2011-2012 school years took out direct federal student loans. In addition, 47.4 percent received a federal grant, and 10.5 percent were in some type of federally backed work study program. Essentially, most full-time college students received $10,500 in federal aid during the year - which could easily exceed $50,000 upon their graduation.

This appeared to be a recent trend. The average value of the direct student loans made to a full-time college student in 2011-2012 was $7,000, according to the report. The average value of the Pell Grants made to full-time students was $4,400.

While 71.4 percent of full-time college students received federal aid in the 2011-2012 school years, 24.0 percent got aid from state governments.

State governments chipped in, giving the full-time students they aided $3,300 during the year, with $3,200 of that being outright grants - gifts that are not expected to be repaid.

These figures arrive just as President Barack Obama was preparing to embark on a bus tour on which he intends to propose ways to "fundamentally rethink and reshape" the higher education system in the United States.

Here's the clincher: Since Obamacare was enacted, the outstanding balance on federal direct student loans has increased by 265 percent.

The Health Care and Education Reconciliation Act, one of the two bills, together with the Patient Protection and Affordable Care Act, which comprise Obamacare--included language terminating the program through which the federal government guaranteed student loans made by private lenders.

After enactment of Obamacare, all federally guaranteed student loans were made directly by the U.S. Treasury.

"Under the DL [direct loan] program, the federal government essentially serves as the banker--it provides the loans to students and their families using federal capital (i.e., funds from the U.S. Treasury), and it owns the loans," the Congressional Research Service explains.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copyright 2016 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for June 2016
Universal:
Human Solidarity: That the aged, marginalized, and those who have no one may find-even within the huge cities of the world-opportunities for encounter and solidarity.
Evangelization: Seminarians and Novices: That seminarians and men and women entering religious life may have mentors who live the joy of the Gospel and prepare them wisely for their mission.



Comments


More College & University

BREAKING: UCLA on lockdown after shooting on campus Watch

Image of UCLA is on lockdown.

By CALIFORNIA NETWORK

The UCLA campus has been put on lockdown after reports of a shooter in the university's Boelter Hall were released via social media. Police reported a shooting on the UCLA campus, issuing a tweet to say that the school's Westwood campus was on lockdown following a ... continue reading


Christian students in U.S. not allowed to speak to other students without permits Watch

Image of Christian liberties denied at North Carolina State University (Wikipedia).

By Kenya Sinclair (CALIFORNIA NETWORK)

In a move reminiscent of the early 1900s, North Carolina State University segregated a student Christian group from the rest of the student population. LOS ANGELES, CA (Catholic Online) - Grace Christian Life is a registered student Christian group on NC State's ... continue reading


Benedict XVI Centre approved by Holy See, but what will they be doing there? Watch

Image of The center will focus on religion and social sciences (CDJ).

By Kenya Sinclair (CALIFORNIA NETWORK)

St. Mary's University in Twickenham, London has been formally approved to name one of their buildings after Benedict XVI. LOS ANGELES, CA (Catholic Online) - According to its website, St. Mary's University will name one of their buildings the Benedict XVI Centre for ... continue reading


Alarming University campaign threatens First Amendment rights Watch

Image of The University of Portland asks students to report discrimination, interactions of intolerance and incidents of discomfort (Stefan Redel/Shutterstock.com).

By Thomas Heed (CALIFORNIA NETWORK)

The University of Portland recently launched a "Speak Up" campaign designed to put an end to discrimination, intolerance and "incidents of discomfort." LOS ANGELES, CA (Catholic Online) - The University's Speak Up website specifies inclusion is a top priority - one ... continue reading


Comparing some students to 'Catholic jihadis,' Mount St. Mary University president comes under fire Watch

Image of Mount St. Mary University President Simon Newman said in a memo,

By Adelaide Mena and Matt Hadro, CNA News

Amid uproar over comparing struggling students to bunnies that should be drowned or shot, Mount St. Mary's University president is now under fire for criticizing expressions of the Catholic faith at the school. Emmitsburg, Md. (CNA) - Already facing turmoil, the ... continue reading


The fight for religious liberty: How one Catholic college deals with threats Watch

Image of

By Matt Hadro (CNA/EWTN News)

The future of religious freedom in the United States will one day be in the care of today's college students, so one Catholic college is working to equip them for that struggle. Washington D.C., (CNA/EWTN News) - Wyoming Catholic College is trying to form a "community ... continue reading


4 reasons Catholic education needs your help this year Watch

Image of Are America's Catholic schools being attacked? (Wordpress)

By Kenya Sinclair (CALIFORNIA NETWORK)

The Catholic education system is coming under attack by a plethora of policies designed to make the hiring process, acceptance of anti-Christian viewpoints, transgender issues and Catholic identity concerns. LOS ANGELES, CA (Catholic Online) - The Cardinal Newman ... continue reading


Catholic identity or education: Are the top Catholic universities falsely rated by secular standards? Watch

Image of

By Kenya Sinclair (CALIFORNIA NETWORK)

A list of the top 40 traditional Catholic and Jesuit colleges in America was created, but were they rated fairly? LOS ANGELES, CA (Catholic Online) - Newsmax revealed their top forty Catholic and Jesuit colleges in America, but what were their standards?The United ... continue reading


Becoming Divine Mercy: A Mission of Mercy Watch

Image of

By Jessie Tappel, Communications Director at Divine Mercy University

God, the source of all mercy, provides us with an experience so great that we have no choice but to reflect it to our own brother and sister. Mercy calls for an outward response, which is made clear in the examples of the Corporal and Spiritual Works of Mercy. You can ... continue reading


UST Breaks Ground on New Center for Science and Health Professions Watch

Image of

By Darnell Miller - University of St. Thomas

The University of St. Thomas, a member of the world-renowned Texas Medical Center, broke ground on a new Center for Science and Health Professions on Nov. 12, 2015. The new facility, containing more than 100,000 square-feet of modern lab space and classrooms, will meet ... continue reading


All College & University News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • St. Martha: Saint of the Day for Friday, July 29, 2016
  • Daily Reading for Sunday, July 31st, 2016 HD Video
  • A world without nuclear weapons
  • A Prayer for Special Intentions HD Video
  • Popular country singer sings powerful, MUST-HEAR song to 'Pray for Peace'
  • Daily Readings for Friday, July 29, 2016
  • How to be a missionary of mercy: Bishop Caggiano blows minds at WYD

Daily Readings

Reading 1, Jeremiah 18:1-6
1 The word that came to Jeremiah from Yahweh as follows,2 'Get ... Read More

Psalm, Psalms 146:1-2, 2-4, 5-6
1 Alleluia! Praise Yahweh, my soul!2 I will praise Yahweh all ... Read More

Gospel, Matthew 13:47-53
47 'Again, the kingdom of Heaven is like a dragnet that is cast in the ... Read More

Saint of the Day

Saint of the Day for July 28th, 2016 Image

St. Innocent I
July 28: Innocent was born at Albano, Italy. He became ... Read More