Did you graduate in 2015? Did you take out a student loan? Then your debt upon entering the job market was exactly $30,100. At least, that is the national average according to TICAS, the Institute for College Access and Success.
Some shocking findings from its 11th annual report on student debt:
- Almost seven in ten college graduates (68%) in 2015 had student debt.
- While that figure is similar to 2014, the average amount of student debt itself increased by 4%, crossing the $30K threshold for the first time.
- The burden is spread unevenly across the land, with state averages for share of graduates with debt ranging from 76% in New Hampshire to 41% in Utah.
- The same two states also figure on opposite ends of the range of average amount of student debt, from a high of $36,101 in New Hampshire to a low of $18,872 for Utah.
Top 10 of states with the highest student debt
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Top 10 of least-indebted states