college debt


OAKLAND, Calif. (AP/WMOT) — A new nation-wide report shows two-thirds of the college class of 2011 finished school with loan debt, and those who borrowed walked off the graduation stage owing more than $26,600. That's up about 5 percent from the class before.

The latest figures are calculated in a report by The Institute for College Access and Success (TICAS). The report does not include most graduates of for-profit colleges, who typically borrow more than their counterparts elsewhere.