28
Oct

Students borrowing more these days

Posted by Sara M. Varese

Although a third of students graduating with a bachelor’s degree had no education debt, a study shows that the average student debt has risen due to inflation, economy, health, and field of study’s potential for expansion.

Here are some quick statistics:

-          The medium loan debt for a student graduating with a bachelor’s degree has increased 5% from $18,973 to $19,999 according to the federal Department of Education’s National Postsecondary Student Aid Study.

-          10% of those graduating with a bachelor’s degree borrowed more than $40,000.

-          98% with degrees from two year for-profit schools had an education loan compared to the 38% with degrees from two year public schools had an education loan.

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