Strong Financial Foundations and Future Growth Prospects
CURRENT BUSINESS UPDATE
College is affordable and a sound investment.
Public 4-year universities still provide a good return and student debt is manageable.
At four year public universities, 34% of students graduate with no debt¹.
•
Of those graduating with debt, the average student loan balance is only $26,9001.
- $23,000 salary differential between college graduates and high school graduates².
- Annual average in-state tuition costs at the 60 public universities served by ACC is less than $11,000.
Annual net tuition and fees is less than $10,000 for 77% of students at four-year public institutions (after grant aid)³.
Student loan default rates average sub-4% at Power 5 and Carnegie R1 institutions.
Average Earnings by Level of Education²
Student Debt Levels¹ and Default Rates4
$60,000
13%
$50,000
14%
$45,000
16%
$23,000
incremental
$40,000
$54,990
12%
earnings
$35,000
Sub-4% default rates
at Power 5 and R1
institutions
14%
14%
12%
10%
$40,000
$30,000
10%
8%
$25,000
$30,000
7%
$35,000
8%
6%
$20,000
7%
7%
$31,990
$25,980
6%
$20,000
4%
$15,000
4%
4%
$10,000
$10,000
3%
2%
$5,000
2%
$26,900
$31,450
$39,900
$0
0%
$0
0%
school
Less than high High school
completion
Some college,
Bachelor's or
4-year Public
no bachelor's higher degree
4-year Private Non-
Profit
4-year Private For-
Profit
completion
degree
Median Annual Earnings ($)
-Unemployment Rate (%)
Source: Company data
1. TICAS, "Quick Facts about Student Debt", April 2019.
2. National Center for Education Statistics 2018 Table 502.30 and Table 501.80. For persons 25-34 years old.
Average Loan Balance ($)
Default Rate (%)
5
3. The College Board, Trends in College Pricing 2018.
4. Federal Student Aid an Office of the U.S. Department of Education, September 26, 2018.View entire presentation