Student debt continues to rise for new graduates. At public and nonprofit colleges in 2015, seven in 10 graduating seniors (68%) had student loans. Their average debt was $30,100: up four percent compared to the Class of 2014. About one-fifth of 2015 graduates’ debt (19%) was in private (nonfederal) loans, which are typically more costly and provide far fewer consumer protections and repayment options than federal student loans.
October 18, 2016