Average Debt for College Students Continues to Rise

MAN WORRIED ABOUT MONEY 150x150 Average Debt for College Students Continues to Rise The amount of debt held by recent college graduates continues to rise.  Two-thirds of the class of 2011 graduated with debt, and the average debt for each student upon graduation is approximately $26,000.  The data provided in this study does not include debt information for students at for profit institutions, who generally graduate with more debt than those from non-profit schools.  The study, conducted by the Institute for College Access and Success, reports that debt is up 5% from last year.

While the debt continues to rise, the good news is that students with debt are still better off than not having a degree at all.  Student Loan debt is one the most persistent forms of debt in the United States right now.  The government estimates that 10% of borrowers of Federal Student Loans default within the first two years of starting repayment.

To read the full article, visit  http://consumerist.com/2012/10/18/report-shows-that-college-debt-is-on-the-rise-again-for-recent-graduates.

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About Ryan Gillis

I am currently a Marketing Intern for the Council of Better Business Bureaus in Arlington,Va. Originally from New Hampshire, I am a student at George Washington University in Washington D.C. My hobbies include: golfing, skiing, keeping up with Boston sports teams, and reading about history.