THE CHRONICLE OF HIGHER EDUCATION: Average Debt at Graduation Rises Again
Career College Central Summary:
Average debt at graduation rose to $28,400 in 2013 for the 69 percent of bachelor’s-degree recipients at public and private nonprofit four-year colleges who borrowed.
That’s a 2-percent increase for this group of graduates, compared with their counterparts in the Class of 2012.
The report includes only graduates of public and private nonprofit colleges, many of which voluntarily report debt levels. Last year’s report also included graduates of for-profit colleges because it was based on government data that come out only every four years or so. As a result, the overall debt figures in the two reports can’t be compared.
Bottom Line: Average debt at graduation continues to rise. But the infrequency of federal data on debt levels makes the picture incomplete.
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THE CHRONICLE OF HIGHER EDUCATION