Dollar A Day Video Sources

The information in the Dollar a Day video comes from the following sources.

1. Between 1973 and 2008, the share of US jobs that require a college degree increased from 30% to 60%.
“Help wanted: Projections of jobs and education requirements through 2018,” Georgetown University Center on Education and the Workforce, June 2010.

2. Less than 40% of Americans held at least 2-year degree.
President’s Message,” Focus. Lumina Foundation for Education, Fall 2010.

3. By 2018, America will be short 3 million college degrees.
“Help wanted: Projections of jobs and education requirements through 2018.” Georgetown University Center on Education and the Workforce, June 2010.

4. For the first time in decades American students are achieving college degrees at lower rates than other countries. Lower than Canada, Japan, Korea, New Zeland, Belgium, Ireland, Norway, Denmark, and France.
“A stronger nation through higher education,” A Special Report from Lumina Foundation for Education, February, 2009.

5. From 1992 to 2001, tuition increased faster than income. Leaving behind many students of low-income families.
“Losing ground: A national status report on the affordability of American higher education,” The National Center for Public Policy and Higher Education, 2002.”

6. For every $1,000 increase in tuition, enrollment among low-income students drops 5 percent.
“Losing ground: A national status report on the affordability of American higher education,” The National Center for Public Policy and Higher Education, 2002.”

7. Over the past decade, enrollment among low-income students has dropped from 54% to 40%.
Focus, Lumina Foundation, Fall 2010.

8. Meanwhile, college grads carry an average of $24,000 in student loan debt.
“Student debt and the class of 2009,” The Project on Student Debt, an initiative of The Institute for College Access & Success, October 2010.

9. 70 million people—1/4 of the US population—owe $700 billion in student loan debt, and default rates are on the rise. Experts say this may be the next financial bubble to burst.
Student Loan Sinkhole, PBS, June 19, 2009.

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