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.