Two out of three college grads go into debt. They owe more than $19,000 in student loans. So students of higher learning are already learning the bad habits of debt. I know getting an education is considered an “investment”, so don’t get me wrong I think student loans are a “necessary” debt. But it does put a huge burden on the student once they graduate. They hope they can find a good paying job to pay off the loans. The reality is most don’t.
Here is a listing of state break down provide by the AP.
California: 56.4 percent of undergraduates taking out student loans, $17,266 average total loans, $15,259 average federal loans.
Connecticut: 62.4 percent, $17,990 average total loans, $17,143 federal loans.
Delaware: 56.1 percent $16,473 total, $12,946 federal.
Georgia: 65.4 percent, $20,767 total, $18,505 federal.
Illinois: 63.2 percent, $18,788 total, $16,594 federal.
Indiana: 61.1 percent. $19,112 total, $17,566 federal.
Minnesota: 76.3 percent, $20,312 total, $16,406 federal.
Nebraska: 71.8 percent, $16,200 total, $15,373 federal.
New York: 67.2 percent, $20,838 total, $17,603 federal.
Oregon: 76.5 percent, $17,772 total, $16,641 federal.
Tennessee: 70.9 percent, $19,949 total. $17,852 federal.
Texas: 64 per cent, $18,508 total, $16,624 federal.
All states: 65.6 percent, $19,202 total, $17,022 federal.
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