TICAS ninth annual Project Report Says 2013 Average Figure of Student Debt Increased from One Year Earlier

TICAS ninth annual Project Report Says 2013 Average Figure of Student Debt Increased from One Year EarlierA recent report from the Institute for College Access and Success revealed that the average figure for student loan for the Class of 2013 moved up again as compared to the previous year and is approaching $30,000.

The report that was released on Thursday showed that New Mexico was the single state to have an average college student loan debt of less than $20,000 when the student graduates.

The ninth annual Project on Student Debt report from the Institute for College Access & Success (TICAS), which is a non-profit organization, in the class of 2013, 7 out of 10 college students all over the nation have some form or other education debt on their shoulder at the time when they graduated. The average graduate had $28,400 debt said the report.

In six of the states an average student graduates with an average of $30,000 or a little more in education debt. Only a New Mexico graduates with an average that is below the $20K mark. To be precise the average in this state was $18,656 in school debt.

The highest average load of debt was noted in New Hampshire, Delaware and Pennsylvania. Here the debt load was recorded as $32,795, $32,571 and $32,528, respectively.

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