This pathway usually results in high education debt. Nearly one in five U.S. households (19 percent) owed money on student loans in 2010 — more than double the proportion in 1989, according to a 2013 Pew Research Center Report. The average student loan balance outstanding in 2010 was $26,682, but 10 percent of student debtors owed more than $61,894. Students who attended for-profit colleges are often in the worst shape. They represent just 13 percent of the higher education population but 31 percent of the federal student loan debt, and one in five of them defaults on their loans within three years. The Obama administration recently released new regulations aimed at getting for-profit colleges to better prepare students for the working world. There is also a high unemployment rate for young Americans already struggling with high debt. During an economic downturn, companies are more likely to re-evaluate their workforce and only hire workers who bring experience. The rate of unemployment among individuals ages 20 to 24 was around 13 percent last year, according to a Department of Labor report — twice the national rate of unemployment. The percentage was almost 20 percent in 2010.