key part in which grad school someone will be able to get into. The peer survey is by nature subjective, but the technique of asking industry leaders to rate their competitors is a commonly accepted practice. The results from the peer survey also can act to level the playing field between private and public colleges." In reference to the alternative database discussed by the Annapolis Group, Morse also argued, "It's important to point out that the Annapolis Group's stated goal of presenting college data in a common format has been tried before [...] U.S. News has been supplying this exact college information for many years already. And it appears that NAICU will be doing it with significantly less comparability and functionality. U.S. News first collects all these data (using an agreed-upon set of definitions from the Common Data Set). Then we post the data on our website in easily accessible, comparable tables. In other words, the Annapolis Group and the others in the NAICU initiative actually are following the lead of U.S. News." Cost and financing issues and financial value of degrees In 2019, the Federal Reserve Bank of St. Louis published research (using data from the 2016 Survey of Consumer Finances) demonstrating that large and increasing income and wealth premiums for families with heads of household with post-secondary education as compared to those without in aggregate data are misleading. After controlling for race and age cohort, the income premium for families with heads of household with post-secondary education has remained positive but has declined to historic lows for families with heads of household born since 1980 (with more pronounced downward trajectories with heads of household with post-graduate degrees), while wealth premiums for the 1980s cohort has weakened to the point of statistical insignificance (in part because of the rising cost of college). Research from the center-left think tank Third Way claims that, in 2018, more than half of institutions left the majority of their students earning less than $28,000—the typical salary of a high school graduate. In 2021, student loan debt in the United States amounted to $1.71 trillion owed by 45 million borrowers with an average student loan debt of $37,693, while the median value of an owner-occupied housing unit in the United States in the 2015–2019 American Community Survey 5-year estimates was $217,500 (with the ratio of average student loan debt to a median owner-housing unit value