Student Debt Levels Climb Again for Most Recently Tracked Class of College Graduates
Isaac Bowers, Equal Justice Works (on Huffington Post)
The Institute for College Access & Success (TICAS) released "Student Debt and the Class of 2013," its annual report on the student loan debt of four-year college graduates. So what is the current state of student debt? Here are the eight key lessons that can be gleaned from this informative report:
1. The vast majority of students continue to have to borrow to go to college. According to the report, 69 percent of the college seniors who graduated from public and private nonprofit colleges in 2013 had student loan debt.
2. The amount students borrow is still rising. The average amount borrowed was 28,400 -- two percent more than the class of 2012.
3. Ominously, 19 percent of that debt was private student loans. Private loans are far riskier than federal loans. As TICAS emphasized in a recent report, almost half (47 percent) of private loan borrowers in 2011-12 borrowed less than they could have in federal loans. Remember: stick with federal loans until you are forced to take out private loans!
Human Rights Norms Include:
educational access, equal access, progressive introduction of free education, right to higher education.
Universal Declaration of Human Rights
Article 26: Everyone has the right to education. Education shall be free, at least in the elementary and fundamental stages. Elementary education shall be compulsory. Technical and professional education shall be made generally available and higher education shall be equally accessible to all on the basis of merit.
International Covenant on Economic, Social and Cultural Rights
Article 13.2: (c) Higher education shall be made equally accessible to all, on the basis of capacity, by every appropriate means, and in particular by the progressive introduction of free education.
Committee on Economic, Social and Cultural Rights, General Comment 13
Implementation of the International Covenant on Economic, Social and Cultural Rights, General Comment No. 13 (Twenty-first session, 1999). The right to education (Article 13 of the Covenant). E/C.12/1999/10 (8 December 1999).
Article 13 (2): The right to receive an education - some general remarks
6. While the precise and appropriate application of the terms will depend upon the conditions prevailing in a particular State party, education in all its forms and at all levels shall exhibit the following interrelated and essential features:
(b) Accessibility - educational institutions and programmes have to be accessible to everyone, without discrimination, within the jurisdiction of the State party. Accessibility has three overlapping dimensions:
(i) Non-discrimination - education must be accessible to all, especially the most vulnerable groups, in law and fact, without discrimination on any of the prohibited grounds (see paras. 31-37 on non-discrimination);
(iii) Economic accessibility - education has to be affordable to all. This dimension of accessibility is subject to the differential wording of article 13 (2) in relation to primary, secondary and higher education: whereas primary education shall be available “free to all”, States parties are required to progressively introduce free secondary and higher education;
7. When considering the appropriate application of these “interrelated and essential features” the best interests of the student shall be a primary consideration.
Convention on the Rights of the Child
Article 28.1: States Parties recognize the right of the child to education, and with a view to achieving this right progressively and on the basis of equal opportunity, they shall, in particular: (c) Make higher education accessible to all on the basis of capacity by every appropriate means;
Additional Protocol to the American Convention on Human Rights in the Area of Economic, Social and Cultural Rights (“Protocol Of San Salvador”)
Article 13, Right to Education:
3. The States Parties to this Protocol recognize that in order to achieve the full exercise of the right to education:
c. Higher education should be made equally accessible to all, on the basis of individual capacity, by every appropriate means, and in particular, by the progressive introduction of free education;