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Antarctica Journal

Tag: loans

Most Indebted Graduating Class In History

December 21, 2024 Antarctica Journal

The graduating class of 2015 is the most indebted in history, owing a total of $56 billion in student loans.  About 71 percent of college students graduating this year took out loans, at an average of $35,051 each.  In 1996, just 58 percent of students took out loans, owing less than $20,000 each at graduation.

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Chilling Details

About 48 million Chinese, most of them wealthy or well educated, have migrated abroad in recent years to escape China’s corruption, political oppression, and air pollution. A recent survey found that 64 percent of well-to-do Chinese citizens are either in the process of emigrating or are planning to emigrate.

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