NCES data shows that black or African American graduates who took out federal student loans owed an average of 105% of the original loan value 4 years after graduation

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The data also shows that 4 years after graduation, 77% of 2015-2016 bachelor’s degree graduates who majored in education were either new teachers or permanent teachers.

WASHINGTON, September 26, 2022 /PRNewswire/ — Among 2015-2016 college graduates with bachelor’s degrees who took out federal student loans, black or African-American graduates owed an average of 105% of the original amount borrowed 4 years after graduation. degree, compared to 73% for white borrowers, according to one of two reports released today by the National Center for Education Statistics (NCES) within the U.S. Department’s Institute of Educational Sciences (IES) education. Additionally, four years after graduation, 77% of 2015-16 bachelor’s degree graduates who majored in education were either new teachers or permanent teachers in a regular classroom since 2017.

The second report, which examined the experiences of 2015-2016 bachelor’s degree graduates during the coronavirus (COVID-19) pandemic, found that 51% of 2015-2016 graduates had the option of telecommuting due to the COVID-19 pandemic. Between 14 and 29% of graduates from ethnic and racial minorities assumed additional family or parental responsibilities during the COVID-19 pandemic (American Indian or Alaska Native graduates, 29%; Black or African American graduates and Hispanic or Latinos, 19% each, and Asian graduates, 14%), compared to 11% of white graduates who said they had additional family or childcare responsibilities due to the COVID-19 pandemic.

“Data from the 2016/20 Baccalaureate and Beyond (B&B:16/20) Longitudinal Study shows the range of issues that positively and negatively impact college graduates early in their careers,” the commissioner said. of the NCES. Peggy G. Carr. “As our country responds to the challenges of the COVID-19 pandemic, the data presented in these reports provide important insights into uncovering and understanding the experiences of recent college graduates during unprecedented times. Overall, the study study from the baccalaureate and beyond can be used to understand and chart pathways to greater opportunities for lifelong success.”

Bachelor’s Degree and Beyond (B&B: 16/20): A First Look at the Employment and Education Experiences of College Graduates in 2015-2016

The first report Bachelor’s Degree and Beyond (B&B: 16/20): A First Look at the Employment and Education Experiences of College Graduates in 2015-2016, examines information on enrollment and employment status, federal student loan debt and repayment, income and other employment characteristics, financial well-being, and teaching status – 4 years later obtaining the baccalaureate 2015-2016. Highlights of the report include:

  • Four years after graduating with a bachelor’s degree in 2015-16, black or African American graduates who took out federal student loans owed an average of 105% of the original amount borrowed. Native American or Alaska Native borrowers owed an average of 87%, and Hispanic or Latino borrowers and borrowers of two or more races owed an average of 84%. Native Hawaiian or other Pacific Islander borrowers owed 82%, white borrowers owed 73%, and Asian borrowers owed 63% of the original amount borrowed 4 years later.
  • Four years after graduation, 77% of 2015-16 bachelor’s degree graduates who majored in education were either new teachers or permanent teachers in a regular classroom since 2017. Ten percent of graduates who majored in education had never taught a regular classroom, and 12% had left classroom teaching 4 years after graduation.
  • Seventy-four percent of 2015-2016 graduates were working full-time 4 years after graduation, 7% were working part-time, 4% were unemployed, and 14% were inactive. Thirty-one percent of graduates owned a home and 34 percent reported negative net worth.

Data from the first report is available at http://nces.ed.gov/pubsearch/pubsinfo.asp?pubid=2022241.

Bachelor and Beyond (B&B:16/20): A First Look at the 2020 Experiences of 2015-2016 College Graduates During the COVID-19 Pandemic

The second report Bachelor and Beyond (B&B:16/20): A First Look at the 2020 Experiences of 2015-2016 College Graduates During the COVID-19 Pandemic, examines information on professional and personal experiences, federal student loan repayment, employment status and characteristics, changes in working conditions and unemployment compensation – 4 years after obtaining the 2015 baccalaureate -2016. Highlights of the report include:

  • Among 2015-2016 bachelor’s degree graduates, 29% of Native American or Alaska Native graduates reported taking on additional family or childcare responsibilities during the COVID-19 pandemic. Nineteen percent of black or African American graduates and Hispanic or Latino graduates said they had taken on additional family or childcare responsibilities. Fourteen percent of Asian graduates, 12% of graduates from two or more races, and 11% of white graduates said they had additional family or child care responsibilities due to the COVID-19 pandemic.
  • Twenty-six percent of 2015-2016 bachelor’s degree holders said they were working more than desired due to the COVID-19 pandemic, and 27 percent said they were working less than desired.
  • Among graduates who worked for pay and for whom 4 years after graduation were in the first months of the COVID-19 pandemic, 51% said they had been allowed to work from home due to the COVID pandemic -19. Of those who majored in education, 75% said they were allowed to telecommute due to the COVID-19 pandemic.
  • Among graduates for whom 4 years after graduation were in the early months of the COVID-19 pandemic, 13% reported receiving unemployment compensation due to the COVID-19 pandemic in 2020.
  • Thirteen percent of 2015-2016 bachelor’s degree holders said they delayed enrolling in further education or training, while 14 percent said they pursued additional education or training due to the COVID pandemic -19

Data from the second report is available at http://nces.ed.gov/pubsearch/pubsinfo.asp?pubid=2022251.

Both publications released today use data from the 2016/20 Baccalaureate and Beyond Longitudinal Study (B&B: 16/20), which is a nationwide study of approximately 25,000 U.S. college and university graduates who were surveyed about their experiences in the 4 years since completing a bachelor’s degree. The study collected information on college and other education, labor market experiences, income and expenses, and marital status. In addition to survey responses, information was gathered from sources such as federal student loan and enrollment databases.

The National Center for Education Statistics (NCES), a principal agency of the U.S. federal statistical system, is the statistical center of the U.S. Department of Education and the primary federal entity responsible for collecting and analyzing data related to education in United States and other countries. NCES, located within the Institute of Educational Sciences (IES), fulfills a congressional mandate to collect, collate, analyze, and report comprehensive statistics on the state of American education; produce and publish reports; and review and report on education activities internationally. Follow NCES on Twitter, Facebook, LinkedInand Youtube and subscribe to NCES Newsflash to receive email notifications when new data is published.

The IES is the independent, nonpartisan statistics, research, and evaluation arm of the United States Department of Education. Its mission is to provide scientific evidence on which to base educational practices and policies and to share this information in formats that are useful and accessible to educators, parents, policy makers, researchers and the public.

CONTACT:
Josh DelarosaNational Center for Education Statistics, [email protected]
james elias, Hager Sharp, [email protected]

SOURCE National Center for Education Statistics



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