Contribute
Connect with the GOP:

research

Obama Goes To Florida To Talk About Education, While Young Adults Are Mired In Debt And Despair

- March 7, 2014

Today, Obama Will Be Speaking At A Florida High School On The Importance Of Education And The Role It Plays In Economic Success. "President Obama and Mrs. Obama's visit to South Florida will include a stop at Coral Reef to deliver remarks on the importance of a quality education and its vital role on the economic success of our country." ("President & First Lady Scheduled To Visit Coral Reef High School," CBS, 3/5/14)

OBAMA TALKS ABOUT THE IMPORTANCE OF EDUCATION, BUT UNDER HIS LEADERSHIP YOUNG ADULTS ARE STILL STRUGGLING

At Public Colleges, College Tuition And Fees Have Increased By Since Obama Became President To $1,036, A 21 Percent Increase. ("Digest Of Education Statistics," National Center For Education Statistics, Accessed 3/6/14)

  • At Public Colleges, The Average Total Cost Of College, Including Room And Board, Increased By $1,813 Since Obama Became President, A 13.7 Percent Increase. ("Digest Of Education Statistics," National Center For Education Statistics , Accessed 3/6/14)

By The End Of 2013, Student Loan Debt Was $1.08 Trillion Dollars, A 68 Percent Increase Since Obama Was Elected. ("Household Debt & Credit," Federal Reserve Bank of New York, Accessed 3/6/14)

  • Student Loan Debt Increased By 12 Percent In 2013 And Is The Second Largest Form Of Household Debt. ("Household Debt & Credit," Federal Reserve Bank of New York, Accessed 3/6/14)

70 Percent Of College Graduates Had Student Loan Debt, Which Averaged $29,400 In 2012. "Seven in 10 college seniors who graduated in 2012 had student loan debt, with an average of $29,400 for those with loans." ("Student Debt And The Class Of 2012," Project On Student Debt," 12/4/13)

Young Adults Are Finding It Difficult To Recover From The Rocky Start Obama Has Given Them

According To A New Pew Research Poll, Obama's Job Approval Rating Has Fallen 21 Percentage Points Among Millennials Since He Became President, To 49 Percent In Early 2014. "Among Millennials, Obama's job approval has fallen from 70% in those first honeymoon months of 2009, his highest rating among any generation, to 49% in combined surveys from January and February 2014. The falloff has been about as steep among Silents (23 points), Gen Xers (18 points) and Boomers (17 points)." ("Social & Demographic Trends," Pew Research, 3/7/14)

According To A Recent Harvard University Survey, 57 Percent Of Millennials Believe Student Debt To Be A Major Problem While Only 41 Percent Now Approve Of Obama. ("Survey Of Young Americans' Attitude Toward Politics And Public Service: 24th Edition," Harvard Institute Of Politics, 12/4/13)

In February, The Unemployment Rate For 16-To-24-Year Olds Was 14.4 Percent And Was 7 Percent For 25-To-34-Year Olds. (Current Population Survey, U.S. Census Bureau, Accessed 3/6/14)

In 2013, 5.8 Million 25-To-34-Year Olds, 13.9 Percent, Were Living With Their Parents In 2013 - 700,000 More Than Before Obama Became President. (Current Population Survey, U.S. Census Bureau, Accessed 3/6/14)

  • 5.1 Million 25-To-34-Year Olds, 12.7 Percent, Were Living With Their Parents In 2008. (Current Population Survey, U.S. Census Bureau, Accessed 3/6/14)

In 2013,16.6 Million 18-To-24-Year Olds, 55.3 Percent, Were Living With Their Parents (Current Population Survey, U.S. Census Bureau, Accessed 3/6/14)

  • 14.8 Million 18-To-24-Year Olds, 52 Percent , Were Living With Their Parents In 2008. (Current Population Survey, U.S. Census Bureau, Accessed 3/6/14)

By 2012, Income For 25-To-34-Year Olds Had Fallen By $1,684 Since Obama Became President. (Current Population Survey, U.S. Census Bureau, Accessed 3/6/14)

By 2012, Income For 15-To-24-Year Olds Had Fallen By $273 Since Obama Became President. (Current Population Survey, U.S. Census Bureau, Accessed 3/6/14)

At The End Of 2013, 11.5 Percent Of Graduates Were At Least 90 Days Delinquent In Paying Their Student Loan Debt. ("Household Debt & Credit," Federal Reserve Bank of New York, Accessed 3/6/14)

  • Student Loans Have The Highest Delinquency Rate Among Any Form Of Household Debt. " Student loans have the highest delinquency rate among any form of household debt. And the official delinquency rate likely understates the problem because many borrowers are still in school and thus don't have to make payments yet. Excluding those borrowers from the overall pool of student debt likely would increase the delinquency rate." (Josh Mitchell, "Proliferation In Student Debt Driven By Weakest Borrowers, Fed Finds," The Wall Street Journal, 2/18/14)
  • 7 Million Borrowers Are In Default On A Federal Or Private Student Loan. " It is often argued that a college degree confers extra earning ability that more than covers college debt. And in many cases that is undoubtedly true. But as I write this, more than 7 million borrowers are in default on a federal or private student loan, and research has shown that those in default suffer both emotionally and physically." (Sarah Amandolare, "The Student Loan Crisis: How Middle-Class Kids Get Hammered," The Los Angeles Times , 2/10/14)

Stories From Across The Country Show How Young Adults Are Struggling

A 23-Year-Old Dentistry Student Has Been Forced To Move Home And Expects To Face $400,000 In Student Loans By The Time He Graduates In 2016. "A 23-year-old dentistry student in New York, Chris excelled at one of the country's top high schools, breezed through college, and is now studying dentistry at one of the best dental schools in the nation. But it may be a long time before he sees any rewards. He's moved back home with his parents in Bayside, Queens-an hour-and-a-half commute each way to class at the New York University's College of Dentistry-and by the time he graduates in 2016, he'll face $400,000 in student loans." (Sam Frizell, "Student Loans Are Ruining Your Life. Now They Are Ruining The Economy, Too," Time, 2/26/14)

Chris Rong, Dentistry Student: "When You Take Out Loans, You're Taking Years Off Of What You Want To Do And Where You Really Want To Be." (Sam Frizell, "Student Loans Are Ruining Your Life. Now They Are Ruining The Economy, Too," Time, 2/26/14)

  • "My Debt Is Hanging Over My Mind. I'm Taking That All On Myself." (Sam Frizell, "Student Loans Are Ruining Your Life. Now They Are Ruining The Economy, Too," Time, 2/26/14)

Julia Handel, Marketing Manager, Makes $40,000 A Year But Will Still Take 15 Years To Pay Off Her $75,000 In Student Loans And Is On Her Parents Lease. "Julia Handel is the marketing manager for celebrity New York chef David Burke. The 2012 Ithaca College graduate is making over $40,000 a year, which is better than many of her friends. But she had $75,000 in loans, and it'll take her at least 15 years to pay off her debts. For now, Handel is officially on her parents' lease but crashing with her boyfriend, pinching pennies and paying back $700 every month." (Sam Frizell, "Student Loans Are Ruining Your Life. Now They Are Ruining The Economy, Too," Time, 2/26/14)

Director Of Georgetown's Center On Education And The Workforce: "The Greatest Irresponsibility Is On The Part Of Government And Schools." "'The greatest irresponsibility is on the part of government and schools,' said Anthony Carnevale, director of Georgetown University's Center on Education and the Workforce. 'Most people, if offered money, will take it. But in most other cases, when large sums of money are involved, there are controls in place.'" (Sarah Amandolare, "The Student Loan Crisis: How Middle-Class Kids Get Hammered," The Los Angeles Times , 2/10/14)


Previous post

Talk About A Bad Start: Mary Burke’s First Campaign Ad Awarded “Pants On Fire” Rating

Next post

Missing The ObamaCare Mark
Republican National Committee

Connect With Us

Republican National Committee

Follow GOP

Chairman Reince Priebus

News & Videos
  • 310 First Street SE, Washington, DC 20003
  • 202-863-8500

Paid for by the Republican National Committee. Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com

Paid for by the Republican National Committee.
Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com