Student Debt and the Class of 2009
Our new report, released today, finds that college seniors who graduated from public and private nonprofit four-year colleges in 2009 carried an average of $24,000 in student loan debt, up 6 percent from the previous year. Meanwhile, unemployment for recent graduates climbed from 5.8 percent in 2008 to 8.7 percent in 2009 - the highest annual rate on record for college graduates aged 20-24.
The report shows that average student debt levels vary widely by state as well as by college. To view debt levels for all 50 states plus the District of Columbia and more than 1,000 public and private nonprofit four-year colleges and universities, visit our interactive online map.
Download the report, Student Debt and the Class of 2009.
Read the press release
New Data on College Insight
The Institute's dynamic higher education data site, College InSight, lets users view student debt levels in context with data on affordability, diversity, and student success. Through its user-friendly interface, College InSight makes a wide variety of data easy to find, compare, and analyze.
You can now:
- View updated data for the 2008-09 academic year for almost 7,000 U.S. colleges and universities.
- Find information about less-than-2-year and non-degree-granting colleges.
- Search for colleges by institutional control (public, private nonprofit, private for-profit) and view aggregated data at this level, such as averages for all public colleges in California.
- Explore the racial and ethnic diversity of students and faculty, student success, and student loan borrowing with our new variables. For a detailed list of new variables, visit our What's New page on College InSight.