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October 19, 2012 4:03 PM The Latest Debt Numbers

By Daniel Luzer

This is almost an evergreen but, yes college debt levels rose again this year. According to a report released yesterday from the Project on Student Debt at the Institute for College Access and Success:

The average student debt climbs to $26,600 for class of 2011.
Two-thirds of college seniors who graduated in 2011 had student loan debt, with an average of $26,600 per borrower. Meanwhile, unemployment for young college graduates remained high at 8.8 percent in 2011.

Average student debt last year was $25,250. Despite constant worry about too much education debt, it just keeps growing.

Daniel Luzer is the news editor at Governing Magazine and former web editor of the Washington Monthly. Find him on Twitter: @Daniel_Luzer

Comments

  • electedface on October 23, 2012 11:00 AM:

    Student debt is stunting the growth of the economy. Student loans have increased by 275% over past decade. As the next generation graduates from college, they are plagued by insurmountable debt that places demands on their income, limiting their ability to spend their earnings in ways that stimulate the economy.