Techno-News Blog

September 27, 2018

Average Loan Debt for Graduates of Four-Year Colleges: $28,650

Filed under: Uncategorized — admin @ 12:17 am

by Paul Fain, Inside Higher Ed
The average student loan debt last year for graduates of four-year colleges who took out loans was $28,650, according to the latest version of an annual report from the Institute for College Access and Success (TICAS). The average amount was up $300, or 1 percent, from 2016. Figures from the report were based on debt levels from college seniors who graduated from public and private colleges last year. Roughly two-thirds (65 percent) of this group took on at least some student debt. “While student loans can be an excellent investment, there is a crisis among the millions of students who struggle to repay their loans, and they are disproportionately students of color or from low-income families,” James Kvaal, the group’s president, said in a written statement. “We need to invest more in student aid and in colleges to reduce students’ need to borrow, and make their loans easier to repay.”

https://www.insidehighered.com/quicktakes/2018/09/20/average-loan-debt-graduates-four-year-colleges-28650

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