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Released: October 18, 2012
Average student loan debt nears $27,000
Source: Blake Ellis, CNNMoney
Thanks to rising tuition and a tough job market, college seniors graduated with an average of nearly $27,000 in student loan debt last year. Two-thirds of the class of 2011 held student loans upon graduation, and the average borrower owed $26,600, according to a report from the Institute for College Access & Success' Project on Student Debt. That's up 5% from 2010 and is the highest level of debt in the seven years the report has been published.Read Full Article: Average student loan debt nears $27,000
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