Seven in 10 seniors (69%) who graduated from public and nonprofit colleges in 2014 had student loan debt, with an average of $28,950 per borrower. Over the last decade—from 2004 to 2014—the share of graduates with debt rose modestly (from 65% to 69%) while average debt at graduation rose at more than twice the rate of inflation. Debt at graduation varies greatly by state and by college, and this report includes average debt levels for each state, lists of notably high- and low-debt colleges, and links to data for more than 1,000 colleges nationwide. It also includes policy recommendations for reducing the burden of student debt.
Negotiated Rulemaking on Borrower Relief
Detailed Comments on Proposed Borrower Relief and College Accountability Regulations. TICAS public comments with detailed recommendations for strengthening the U.S. Department of Education’s proposed regulations for debt relief for defrauded student loan borrowers and accountability for unscrupulous schools.
Coalition Letter Urging Strong Borrower Relief and College Accountability Regulations. Letter to Education Secretary John King from 58 organizations that advocate for students, veterans, service members, civil rights, consumers, college access and success, and college faculty and staff expressing support for strong rules that protect students and taxpayers from fraud, deception and other misconduct by unscrupulous schools.
Federal Student Loan Terms for 2016-17 summarizes loan limits, interest rates, and other terms for federal student loans from July 1, 2016 through June 30, 2017. Click here to view in HTML.
The Top 10 Student Loan Tips for Recent Graduates provides useful information new graduates should know about repaying student loans.