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How Families are Faring in Arizona

The Assets & Opportunity Scorecard is a comprehensive look at Americans financial security today and their opportunities to create a more prosperous future. It assesses the 50 states and the District of Columbia on 69 outcome measures, which describe how well residents are faring. The Scorecard ranks the measures from best to worst; #1 is the most desirable, #51 is the least desirable.

EDUCATION

Four-Year College Degree


Percentage of population 25 years old and over who have at least a 4-year degree, 2012. In todays economy, knowledge is itself a traded commodity, and those with a college degree earn significantly more and accumulate more wealth over time than those with just a high school diploma. 27.3% of Arizona adults have at least a 4-year degree Rank: 29 of 51

EDUCATION

Four-Year Degree by Race


Ratio of the percent of the white, non-Hispanic population to populations of color 25 years old and over with at least a 4-year degree, 2012. Those with a college degree earn significantly more and accumulate more wealth over time than those with just a high school diploma, but the college attainment gap is increasingly becoming defined by race. 2 times as many white adults in Arizona have 4-year degrees compared to adults of color Rank: 46 of 51

EDUCATION

Four-Year Degree by Income


Ratio of the percent of the population in the top household income quintile to the population in the bottom household income quintile 25 years old and over with at least a 4year degree, 2012. Individuals with a four-year degree are more likely to experience income and asset growth over the course of their lifetimes than persons who do not have college degrees. This is a self-perpetuating cycle as persons from low-income families are also less-likely to finish college than their wealthier counterparts. 4.2 times as many of the richest 20% of adults in Arizona have 4-year degrees compared to the poorest 20% Rank: 15 of 51

CUSTOM DATA REPORT: ARIZONA

FOR MORE INFORMATION VISIT SCORECARD.CFED.ORG

CFED: ASSETS & OPPORTUNITY SCORECARD

EDUCATION

Four-Year Degree by Gender


Ratio of the percent of male population to the percent of female population 25 years old and over with at least a four-year degree, 2012. Those with a college degree earn significantly more and accumulate more wealth over time than those with just a high school diploma. Research shows the educational gender gap has narrowed and reversed in the most recent years. 1.08 times as many men in Arizona have 4-year degrees compared to women

EDUCATION

Average College Graduate Debt


Average student loan debt of graduating students of four-year institutions, 2012. Many low- and middle-income students must take out student loans in order to afford postsecondary education, and in todays economy, these loans can be a challenge to pay back. As the debt of college graduates continues to trend upwards, the high student loan debt burden may limit the ability of some to invest in future assets, such as a home. College students in Arizona graduated with an average of $20,299 in student loans Rank: 3 of 49 (data not available for some states)

EDUCATION

College Graduates with Debt


Percentage of graduating students from four-year institutions with student loan debt, 2012. For many low- and middle-income students, high tuition costs are a barrier to college entrance and completion and usually, students and families must take out student loans in order to afford postsecondary education. These loans can be a huge challenge to pay back, especially in the current economic climate. 54.0% of Arizona college students graduate with student loan debt Rank: 11 of 49 (data not available for some states)

EDUCATION

Student Loan Default Rate


Percentage of student loan borrowers entering repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan Program loans that defaulted within three years, FY 2010-2012. Student loans are typically considered good debt because individuals with college degrees tend to have greater lifetime earnings than those without college degrees. Defaulting on student loans damages borrowers credit, however. 23.2% of Arizona borrowers entering repayment defaulted on their student loans Rank: 51 of 51

CUSTOM DATA REPORT: ARIZONA

FOR MORE INFORMATION VISIT SCORECARD.CFED.ORG