College graduates’ debt burden grew, yet again, in 2010

11-03-2011

By Tamar Lewin/New York Times

Students who graduated from college in 2010 with student loans owed an average of $25,250, up 5 percent from the previous year, according to a report scheduled for release Thursday. The average debt — once again the highest on record — came as the class of 2010 faced an unemployment rate for new college graduates of 9.1 percent, the highest in recent years, according to the report by the Project on Student Debt, which pointed out that unemployment rates for those without college degrees were still higher. Matthew Reed, the report’s author, said that some people had expected the jump “to be even higher because of the economic downturn,” but that larger grants had helped “at least partially offset lower family incomes and higher tuitions while the class of 2010 was in school.” (more...)

Document Actions

Send this
Print this

Personal tools

Sections

College graduates’ debt burden grew, yet again, in 2010

Document Actions