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Details The Biden-Harris Administration's Student Debt Relief Plan Explained (studentaid.gov)
Income-based repayment plans have long existed within the U.S. Department of Education. However, the Biden-Harris Administration is proposing a rule to create a new income-driven repayment plan that will substantially reduce future monthly payments for lower- and middle-income borrowers.
Aug 2022 Statistics - according to the Federal Reserve Bank of St. Louis.
2021 Statistics - according to Nerd Wallet
Student-Debt-for-College-Graduates-in-California.pdf (ticas.org)
School | Average Debt of Graduates |
Graduates With Debt |
Average Private Debt of Graduates |
Graduates With Private Debt |
Total College Cost |
Tuition and Fees |
UCLA P
(public) |
$20,305 | 40% | $32,911 | 3% | $35,793 | $13,240 |
USC
(Private) |
$26,850 | 33% | $48,056 | 5% | $77,459 | $58,195 |
CSULA | $12,536 | 74% | $15,872 | 2% | $28,027 | $ 6,768 |
Nerd-Wallet details the Debt:Degree ratio - as an example
According to California Institute for Access & Success, in 2013, California had the third lowest student loan debt average.
Details of the Biden-Harris Administration Student Dept Relief Plan