college loans


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.

MURFREESBORO, Tenn. (WMOT)  --  Tennessee generally scores poorly on education-related “best of” lists, but there are exceptions. The state fares well when the subject turns to student loan debt.

USA Today notes that total student debt in the U.S. has now passed the $1 trillion mark, for the first time exceeding the nation’s credit-card debt.