Home Forums College Miscellaneous Average student debt level now exceeds $30,000

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  • #51890

    Hello everyone!

    The Institute for College Access & Success (TICAS) found that 68 percent of the undergraduate Class of 2015 held an average of $30,100 in student debt, a 4 percent increase from the previous year. The report also broke down the average debt by state. New Hampshire had the highest average debt at $36,101 and the other states in the top 10 tended to be concentrated on the East Coast while the states with the lowest average debts tended to be concentrated in the west.

    In case you’re wondering, for-profit colleges were excluded from this survey as they apparently don’t tend to respond to survey requests or like to make such data available. (You can read the explanation on page 2 of the report hyperlinked above.)

    We’ve already shared our view that the availability of federal student loans largely encouraged the colleges to raise tuition at a rate that has greatly exceeded that of inflation to consume as much of those new funds as possible. We’re anxious to hear any thoughts you may have on the student debt debate below.

    Best of luck with your applications!

    Sincerely,

    David Petersam
    President
    AdmissionsConsultants, Inc.
    DPetersam@admissionsconsultants.com

    AdmissionsConsultants
    1.800.809.0800

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    #51901

    Hello everyone!

    Just as a brief follow up, Inside Higher Ed published an article today reporting student borrowing dipped as tuition increases slowed.

    Best of luck with your applications!

    Sincerely,

    David Petersam
    President
    AdmissionsConsultants, Inc.
    DPetersam@admissionsconsultants.com

    AdmissionsConsultants
    1.800.809.0800

    Keep up with us on:

    admissionsconsultants.com facebook page

    admissionsconsultants.com twitter page

    admissionsconsultants.com youtube channel

    admissionsconsultants.com pinterest

    admissionsconsultants.com google +

    admissionsconsultants.com newsletter

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