College graduates across the nation owed an average of $25,000 in student debt in 2010, while Utah grads had the lowest average debt at $15,509, according to a new report from the Project on Student Debt.
Student-loan debt was up nationally by 5.2 percent from $24,000 owed by 2009 grads, according to an LA Times article on the report by the Project on Student Debt at the Institute for College Access & Success. This is the first time the average student-loan debt has topped $25,000.
The debt increase was smaller than expected by some experts who had anticipated a larger increase because of the poor economy, the article reports, but financial aid helped offset costs for low-income students and those with higher tuitions.
Jon Byington is the founder of DosLives.com, a news and entertainment website that reaches the growing number of Latinos in the U.S.
- No timeline announced yet for Cottonwood Mall...
- About Utah: A Salt Lake hit for 152 years ......
- Kennecott hopes project will change mountain...
- Feds eye stricter rules for railroad rights...
- 10 jobs you can get right now
- 6 financial moves to prevent sleepless nights
- 3 ways insurers can still avoid covering the...
- It's not just Hello Kitty: Japan's character...
- 10 things to know about corporate... 32
- Kennecott hopes project will change... 6
- State lawmaker calling for criminal... 5
- Cantwell targets small business loan... 4
- Applications for US unemployment aid... 4
- Fallon to lead honors as Leno wins top... 2
- Feds eye stricter rules for railroad... 2
- Eagle Mountain votes to accept Rocky... 2