Salient to Investors:
11 percent of student loans were seriously delinquent – a record – in Q3 2012 versus 6 percent in Q1 2003. Almost 30 percent of 20 to 24-year-olds are not employed or in school.
Jack Buckley at the National Center for Education Statistics said a college diploma no longer guarantees a direct pathway to the middle class, making it harder to justify the expense of a degree, but college graduates have an edge in the job market – the employment rate for young adults who are college graduates is 87 percent versus 64 percent for those with only a high-school diploma.
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