Student College Debt Hits New Record

October 22nd, 2010

A new report, released today, finds that college seniors who graduated from public and private nonprofit four-year colleges in 2009 carried an average of $24,000 in student loan debt, up 6 percent from the previous year. Meanwhile, unemployment for recent graduates climbed from 5.8 percent in 2008 to 8.7 percent in 2009 – the highest annual rate on record for college graduates aged 20-24.

The report shows that average student debt levels vary widely by state as well as by college.

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2 Responses

  1. Andy Ray says:

    This shows how expensive getting educated has become recently. This will surely arouse a sense for worry not only among the studetns but their concerned parents too.

  2. evarun21 says:

    The expense of getting a four year college education has risen sharply over the past decade, outpacing the rate of inflation. Students are struggling to make ends meet, and the cost of textbooks doesn’t help. At least I was able to get money back for my textbooks by selling them online to http://www.mybookcart.com

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