The average college debt is around $30,000. And it reflects a larger trend – people giving up on the specific purpose of college merely to pay back the cost of attending.
This post series explores some of the latest data on the impact of education assistance on organizational brand, business success, and employee engagement.
It’s estimated that today’s college students leave campus with nearly $40,000 in student debt. And it’s affecting more than just their own budgets. “For employers, this is a major concern,” writes EdAssist’s Chris Duchesne in October’s Workspan magazine.
More than half of today’s working nurses are Boomers nearing retirement; and the Health and Medicine division of the American Academy of Science is recommending that 80% of nurses have baccalaureate degrees by the year 2020.
“Hospitals need to be proactive about identifying qualified employees to fill this staffing gap.”
Until recently, most of the hand-wringing on student loans has focused on how to help people avoid amassing so much debt in the first place. But more and more companies have started asking the question from the other side of the equation: “How can we help people with the student debt they already have?”
What’s the cost of college debt? The new EdAssist® Student Loan Debt Survey, conducted by Kelton Global, shows the real toll goes well beyond dollars and cents.