main
community
contact staff ecs twitter facebook

Document Number: 11013

Student Debt and the Class of 2012 - Seven in 10 college seniors graduated last year with debt averaging $29,400. Private loans constituted 20% of their debt; those loans are usually more costly and come with fewer repayment options. Federal loans are safer, according to the authors of this report. Average debt generally increased 6% a year from 2008 while family incomes stagnated and college grads faced worse job prospects. Better data college-level data on debt at graduation and private student loan borrowing was called for. See Table 3 for a 50-state view of average debt, percent with debt, and ranks. (Matthew Reed and Debbie Cochrane, The Project on Student Debt at the Institute for College Access & Success, December 2013)...


Related Issues

Postsecondary Affordability

 
Home  |  About ECS  |  Education Issues A-Z  | Research Studies  |  Reports & Databases  |  State Legislation  |  State Profiles  |  Projects & Institutes  |  Newsroom  |  Website User's Guide
700 Broadway, #810 Denver, CO 80203-3442
Phone: 303.299.3600 | Fax: 303.296.8332
 
©2014 Education Commission of the States
www.ecs.org | ecs@ecs.org
Read our privacy policy