Student loan debt hits record high

By: CNN Email
By: CNN Email

Student loan debt among college seniors has hit a record high.

Last year, the average student graduated with nearly $27,000 in outstanding loans.

That's up five percent from 2010.

The Institute for College Access and Success Project blame rising tuition and a tough job market for the bump in student loan debt among new graduates.

Tuition, fees, the availability of financial aid and the cost of living also factor into the amount of debt students pile-up.

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  • by Szabla Location: Location on Oct 19, 2012 at 05:25 PM
    Just a bunch of “Greedy” college Administrators, milking the children to maintain a lavish life style. What a gimmick?
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