News release: “College seniors who graduated with student loans in 2010 owed an average of $25,250, up five percent from the previous year, according to a new report from the Project on Student Debt at the Institute for College Access & Success (TICAS). The Class of 2010 also faced the highest unemployment levels for new college graduates in recent history: 9.1 percent (still less than half the unemployment rate for young adults with only a high school diploma). Student Debt and the Class of 2010 focuses on graduates of public and private nonprofit four-year colleges who had federal and/or private (non-federal) student loans. It includes lists of high- and low-debt colleges and states…At the college level, the report found that average loan debt for the Class of 2010 ranged from $950 to $55,250, and the proportion of students who graduated with loans ranged from two to 100 percent. A total of 98 colleges reported that their 2010 graduates owed an average of more than $35,000, and 73 colleges reported that more than 90 percent of their Class of 2010 graduated with debt. The data for this report came from more than 1,000 colleges, representing half of all public and private nonprofit four-year schools and three-quarters of the class.
Sorry, comments are closed for this post.