College Track: 2020 Social Mobility Report 2020 Social Mobility Report | Page 9

Most of our recent college graduates earn enough to pay back their loans 4
As we’ve seen in prior years’ survey data, recent college graduates who
work full-time are able to repay their loans, provided they did not borrow
more than $30,000 during college. 6 Compared to the last few years,
our ratio of borrowers and the average loan amount per borrower have
both decreased. Over a third (36%) of our recent graduates completed
college with no debt. Of those graduates with no student loan debt, 77%
graduated from a College Track recommended “Affordable Option,”
which includes colleges that have high graduation rates, low debt post-
graduation, and support services for first-generation and low-income
students. Overall, 89% of our recent graduates from affordable institutions
finished school with less than $30,000 in loans and an average loan
amount of $10,200, compared to 75% and $20,300 for students who
graduated from other colleges. This is a positive sign which reinforces
College Track’s continued efforts to center our programming and
scholarships around college affordability and actively guide students to
colleges that meet their academic, financial, and social-emotional needs.
Our affordability strategy ensures lower debt upon graduation
College Track graduates
that borrow take out slightly
below average loans 7
Students who graduate from a College Track
recommended “Affordable Option” are more
likely to have no loans and less likely to
borrow over $30K.
38%
51%
Average loans by College Track
Affordable Fit-Type*
11%
College Track Affordable College (N=45)
None
<$30k
>$30k
Best Fit
N=31 Good Fit
N=10
Other College (N=16)
25%
College
Track
44%
California
31%
Louisiana
VS
VS
Local
Affordable
N=4 Other
Public
N=3 Private/
HBCU
N=13
More
than 1/3
graduated
college with
$0 in student
loan debt
*Non-borrowers included. All values rounded to nearest hundred.
College Track
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