Average college graduate with debt has $25K to repay
The Wall Street Journal and other outlets are reporting that the average debt of college seniors who graduated in 2010 with student loans rose 5% from a year earlier to $25,250. That figure doesn’t include data from for-profit colleges, like the University of Phoenix, whose graduates typically carry levels of debt that are even larger. The data comes from the annual report of the Project on Student Debt, a nonprofit research effort funded in part by the Bill and Melinda Gates Foundation. Read the story here.