Home > News, The Problem > Average Student Loan Debt Up 5%

Average Student Loan Debt Up 5%

Yesterday, the New York Times reported that college students in the class of 2010 now owe an average of $25,250 – up 5% from last year.  Apparently, this is a new record, and is coupled with a 9.1% unemployment rate for new college graduates – also the highest in recent years.  Mark Kantrowitz, publisher of Finaid.org and Fastweb.com, predicts that the class of 2011 will face an average debt of $27,200.

Oh, the places we will go…

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