1. “Sound Off” on Student Debt Survey Results U.S. Representative Karen Bass Tuesday, April 4, 2012

2. Education and Student Debt Success in the U.S. Advancing Education Post College Debt Should Not = A Mortgage

4. Survey Results 1,396 people responded to the survey. Repaying student loans is a challenge. Education Debt From: 43% --Undergraduate 24% --Graduate 33% --Both

5. Ethnicity Who Responded? % Ethnicity (N=784) 28% African American 7% Asian AM/PI 16% Latino.6% Native American 40% White 8% Multi-racial

6. School Type Who Responded? % Type (N=822) 51% Private (4yr) 34% Public (4yr) 3% Community College 7% Technical School 6% Both Pvt/Public

7. Employment Status: 17%  employed part-time 50%  employed full-time 19%  unemployed 14%  still enrolled in school The Survey Respondents

8. Regardless of employment status almost everyone is having difficulty repaying their loans. Who’s Having Difficulty? 89%  of part-time employed 86%  of full-time employed 95%  of those who are unemployed How Easy Is Repayment?

9. 47%  in Repayment 12%  delinquent 7%  in default =54% 19%  in deferment 16%  in forbearance © your company name. All rights reserved.Title of your presentation 54% of Those Out of School Can’t Pay

10. Federal + Private Debt Total Debt Range Median = $50,000 Mode = $20,000 40% 15% 21% 23%

11. Federal vs Private Debt Federal Debt Median = $38,000 Mode = $20,000 Private Debt Median = $25,000 Mode = $10,000 63% 51%

12. 71% reported that interest accumulated while they were “in” school Interest Rates Vary Interest Rate % of Respondents 4% or <24% 5-7% 37% 7-9% 32% 10% or + 8%

13. Places Where People Sought Help: 71%  Dept of Education 25%  Their Lender 7%  Their School 18%  Their Family 32%  Have NOT Sought Help Help Sought?