Everyone has heard about the student debt crisis – more than 42 million people owe a total of $1.3 trillion in student debt. In California, the average debt for an individual graduating from a four-year institution is $21,382. We estimate that more than 160,000 nonprofit staff have student debt. A recent survey conducted by CalNonprofits confirmed that student debt is hurting recruitment, retention and diversity in the nonprofit workforce.
The Nonprofit Student Debt Project is a CalNonprofits initiative to educate nonprofit staff and employers, advocate for public policy changes, and engage our community on the problem of student debt and its impact on the nonprofit workforce -- and what we can do about it. Read our recent articles about student debt and what we're doing about it in the Stanford Social Innovation Review and the Nonprofit Quarterly, Part 1 and Part 2.