The Institute for College Access and Suc

11:23am

Thu October 18, 2012
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Average College Debt More Than $26,000

MTSU senior Sydney Burfitt, left, a liberal studies major who’€™ll graduate in December, speaks to Lori Hagins, a store manager with Shane Co. in Cool Springs, during the Fall Career Fair inside Murphy Center Oct. 10.
MTSU

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.

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