1. NETMCDO 2015 Sally Gaskill Indiana University Center for Postsecondary Research The Debt Issue: What do SNAAP Data Say?

2. SNAAP Basics First annual survey 2008 Alumni of all ages are surveyed All arts degrees – performing arts, visual arts, design, film, architecture, creative writing

3. Numbers 92,000 total respondents (current dataset) 16,000+ music majors from 105 schools Music degrees: 63% undergraduate -- 36%graduate level

4. The Debt Issue

5. Paid for School with Student Loans

6. Impact of Student Loan Debt

7. Amount of Debt Incurred (By Music Discipline)

8. Amount of Debt Incurred (Music Recent v. Non-Recent)

9. Amount of Debt Incurred (Music Majors v. All Other Majors)

10. Majority of Work Time Spent in a Field Associated with the Arts

11. Currently Working as an Artist

12. Reasons for not Working as a Professional Artist (Music Majors)

13. In sum: Debt and Its Impact Escalation of student debt for music majors consistent with national trends: Recent music grads are more likely to have student loans than non-recent (by 15 percentage points) 80% of recent music grads say debt had an impact on their further education and careers (v 53% of non-recent) Music majors have less debt than other arts majors (on average) Debt has less of an impact on music majors’ decisions about further education and careers than other majors

14. Career Paths 70% of all music majors currently spend most of their time in arts-related work Same % of recent music grads and non-recent music grads music work as artists (56%) Music education majors are more likely to work in the arts than music performance majors Only 17% of music majors say “debt (including students loans” is a reason they are not working as an artist (though 56% say “higher pay or steadier income in other fields”)

15. Lots more data: snaap.indiana.edu Sally Gaskill, SNAAP Director (812) 856-5824 gaskill@indiana.edu