Most students and recent graduates are struggling with oppressive loans for education, according to a report by the College Board today. But the report also documented a surprising and troubling increase in the debt burden borne by students at the lowest cost all schools, public community colleges. Third of all beneficiaries of a new baccalaureate degree in June of 2008 with their careers, without a penny of federal student loan debt or private. Only 10 percent of graduates last year was more than $ 40,000, according to lead author of the report, researchers from the College Board Patricia Steele. (They do not charge for the debts of credit card or other obligations such as car loans rather than academic.)

The median borrower graduated last year of nearly $ 19,999, an increase of $ 1026 of debt burdens typical of graduates in 2004. “Most people say it’s a reasonable amount of debt to pay for a bachelor,” especially if students adhere to federal loans, which are now available on their payments to debtors to pay their income said Steele.

The College Board, a body composed of lectures, published the report “removal of a notch sensational stories about students drowning in debt,” said Steele.

But Steele was surprised “by the extreme” has found in new statistics released federal loan. About 5 percent of students who received associate degrees, from public community colleges in 2008 have left the school for more of $ 30,000. The middle class in a public community college last year was only $ 2402. Add $ 1,000 or two per year for books and supplies, and the total cost of education may not exceed two years $ 7000.

Steele was also surprised by the jump in the percentage of public community colleges finishing borrowed against 30 percent in 2004 to 38 per cent in 2008.

David Baim, Vice President of Government Relations American Association of Community Colleges, noted that government subsidies and grants are not keeping pace with inflation for most of the decade. Classes at community colleges raised their average of almost $ 500 between 2003 and 2007. But the federal Pell grant has increased by only $ 260.

Real household income has declined in this period. The cost of textbooks are pear, and have been very easy to get loans during the credit bubble, “says Baim.

Lauren Asher, president of the Institute for College Access and Success, said that the cost of living, such as health and energy has also increased significantly during this period. In addition, the lack of grant money means that 80 percent of students in need with a community $ 5277 gap between what the government believes they can afford and should pay the bill, said she.

“People think community college as affordable, but students attending full-time community college (and therefore more likely to complete) is a difficult time to cover their living expenses without borrowing,” says Asher.

Asher, Steele, and other analysts agree, however, a reasonable amount of interest to students from low alarm for lack of education or parents. “This is not all that bad loans,” says Asher. “As you near the finish and you need to borrow so you can get a diploma, you can create a very wise decision,” she said He added: “If you abandon your studies, you will be left worse.

The peak of the recession of unemployment, which run thousands of new students in need in college, will probably lead to an increase in the number of students who borrow. And recent increases in tuition and federal student loans maximum may increase the amount students would borrow, analysts said. But analysts also note that the credit crisis has swept financial companies used for private educational loans easy $ 40,000 on advertising on television. Thus the number of students from large, expensive private loans to pay.

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