Early Labor Force Experiences and Debt Burden. Postsecondary Education Descriptive Analysis Reports. Statistical Analysis Report.Report as inadecuate




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This study used data from the Baccalaureate and Beyond (B&B) and Beginning Postsecondary Student (BPS) studies to examine: the early labor force experiences of college students who either graduated or dropped out; student borrowing for postsecondary education; and student loan debt burden and repayment status. The B&B group (n=11,000) was followed one year after graduation in 1992-93. The nonbaccalaureates (n=8000) were those from the BPS group who enrolled in 1989-90 but did not graduate. Among the study's findings were: 87 percent of the graduates and 81 percent of the nonbaccalaureate group were employed in April of 1994; the average salary in 1994 was $22,100 for graduates and $16,600 for non-graduates; during the first year of graduation, about 29 percent of graduates had experienced unemployment, whereas among the nonbaccalaureate group, about one-third had experienced unemployment (since 1989); nearly one half of the graduates borrowed some money for their education--an average of $10,200; one year after graduating, 63 percent of bachelor's degree recipients had no debt; 29 percent of graduates were required to make loan payments, and the remaining 8 percent still owed but were not required to make payments; graduates were repaying on average of $136 per month, non-graduates an average of $76 per month. Appendixes include a glossary and technical notes on the methodology.(DM)

Descriptors: Bachelors Degrees, College Graduates, College Outcomes Assessment, Debt (Financial), Dropouts, Employment, Employment Statistics, Financial Problems, Higher Education, Income, Loan Repayment, Longitudinal Studies, Occupational Surveys, Outcomes of Education, Student Financial Aid, Student Loan Programs, Unemployment, Work Experience

U.S. Government Printing Office, Superintendent of Documents, Mail Stop: SSOP, Washington, DC 20402-9328.









Author: Choy, Susan P.; Geis, Sonya; Carroll, C. Dennis

Source: https://eric.ed.gov/?q=a&ft=on&ff1=dtySince_1992&pg=12523&id=ED411746







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