For the fifth year in a row, overall student borrowing decreased, and has dropped by 14 percent in that time.
Washington, D.C. (PRWEB) October 26, 2016
NASFAA President and CEO Justin Draeger made the following statement on the College Board’s annual Trends in Higher Education reports, which were released today:
“A college education is more important than ever today, but financial obstacles still stand in the way for too many students. The College Board’s latest reports highlight some positive changes over time. For the fifth year in a row, overall student borrowing decreased, and has dropped by 14 percent in that time. The reports also affirm the fact that student loan default is most prevalent among students with relatively small amounts of cumulative debt who leave school without obtaining a degree or certificate. The intense focus on the idea of a national student debt crisis distracts from a more important discussion about the students who actually are in crisis—and keeps the struggle of these students in the shadows. We should be targeting our resources toward finding solutions for the students who need it most.”
To request an interview with a NASFAA spokesperson on the Trends in Higher Education reports, please email timmonse(at)nasfaa(dot)org or call (202) 785-6959.