Whether student debt loads are contributing to the decline in home ownership or not, the personal horror stories making headlines are not normative. In 2012, less than 10 percent of students completing a bachelor’s degree had more than $49,000 in debt. Only 0.3 percent of undergraduates had six figures of debt. The median debt at graduation for a bachelor’s degree was just under $17,000. (The average figure in 2012 has been reported by another source as being just north of $29,000.)
This documentary hits theaters this month:
The troubling decline in SBC baptisms has entered its 7th year, per the 2013 Annual Church Profile. Kate Tracy with Christianity Today writes:
According to a recent report by a special task force of pastors, the baptism drought in America’s largest evangelical denomination—which counts 15.7 million members and 5.8 million Sunday worshipers—is worst among millennials.
In last year’s Annual Church Profile, 60 percent of the more than 46,000 churches in the Southern Baptist Convention (SBC) reported no youth baptisms (ages 12 to 17) in 2012, and 80 percent reported only one or zero baptisms among young adults (ages 18 to 29). One in four Southern Baptist churches reported zero baptisms overall in 2012, while the “only consistently growing” baptism group was children under five years old.
The task force report acknowledges five weaknesses:
Bentley University’s PreparedU Project:
- Fifty-nine percent of business decision-makers and 54 percent of corporate recruiters give recent graduates a grade of C or lower for preparedness in their first job.
Why? There’s a disconnect between business decision-makers and corporate recruiters in what it means to be prepared.
- Students define preparedness as “being prepared in general.” Business decision-makers and corporate recruiters define preparedness more specifically: work ethic, adaptability, a good attitude, respectfulness and maturity.
- Six in ten business leaders give recent grads a C or lower on their soft skills. Only 22 percent of recent grads would agree.
- Business leaders rank integrity, professionalism and positive attitude as the most important soft skills while students rank those significantly lower.
- A slight majority (52 percent) of recent graduates identify a college degree as a virtual guarantee of success. Only 28 percent of business decision makers agree.
Read the whole thing.
Walter Hamilton writing for the LA Times:
College graduate heads-of-household under 40 with student debt have a median net worth of only $8,700, according to the analysis by the Pew Research Center. That’s a fraction of the $64,700 the same group without college loans is worth.
They’re not all drowning in student debt–the median student debt for this group is about $13,000–it’s that “because of the other loans they’ve taken out, the median total indebtedness of college graduates under 40 with student loans is $137,010…compared to $73,250 for their counterparts with no college debt.”