Average Student Loan Debt Surpasses $30K

MOVING ON UP is not always a good thing. Student debt for college grads is on the rise, according to the latest figures from The Institute for College Access and Success (TICAS). The nonprofit released its eleventh annual report on the student loan debt of recent graduates from four-year colleges. The report includes national, state and college data on student debt from federal and private loans. Key findings include:

  • 68 percent of college seniors in 2015 had student loan debt.
  • Borrowers owed an average of $30,100 at graduation—up 4 percent from 2014.
  • 19 percent of student debt was from nonfederal loans.
  • States with most student loan debt are concentrated in Northeast and Midwest. Low-debt states are mainly in the West. (See an interactive map from TICAS on state-level debt.)

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