Page |9 Education Post-secondary KEY FINDINGS: Thirty-two percent of Sangamon County residents have a bachelor’s degree or advanced degree. Almost half (44 percent) of these individuals received this degree from a local college or university. Almost all (96 percent) of Sangamon County residents report that post-high school institutions are important to the region. Ninety percent report that it is either “very important” (55 percent) or “somewhat important” (35 percent) for an individual to have a college degree. These numbers are identical to the 2013 findings. Somewhat less than half of college graduates living in Sangamon County used public or private student loans to pay for their college education. Individuals without a college degree (individuals who attended trade school or some college) borrowed on average, $13,300. College graduates, those who completed a four-year college degree, borrowed, on average, $26,589. Individuals who have an advanced degree borrowed, on average, $38,837 (see figure below). Younger adults report borrowing at a higher rate; individuals between the ages of 18 and 24 years old report that they borrowed, on average, $37,816. $45,000 $40,000 Student loan status and average amount borrowed 31% 31% 35% $38,837 30% $35,000 24% 25% $30,000 $25,000 19% $20,000 $26,589 20% 14% 15% $15,000 $10,000 $5,000 10% $13,300 4% $0 0% Some college or College graduate Advanced degree trade school Percent still making payments Percent in deferment or forbearance Linear (Average amount borrowed ) 1 5% Sangamon County citizens borrow $25,440 to attend postsecondary institutions. Americans, in general, borrow $28,400 to attend postsecondary institutions.1 Illinois residents borrow $28,543 to attend postsecondary institutions. Data is available from the Institute for College Access & Success at http://ticas.org/posd/map-state-data#.