December 4, 2013
Student Debt and the Class of 2012
Seven in 10 college seniors (71%) who graduated last year had student loan debt, with an average of $29,400 per borrower. From 2008 to 2012, debt at graduation (federal and private loans combined) increased an average of six percent each year. The report, Student Debt and the Class of 2012, includes debt levels for each state and more than 1,000 U.S. colleges and universities.