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.
October 27, 2015