Not exact matches
The
average student loan debt at graduation is nearly $ 30,000, and that number will only climb as higher education costs
continue to grow.
Without making an education more affordable,
students will
continue to take out
student loans and the
debt average will
continue to rise whether in Canada or in the US.
In the last several years, the
average amount of
student loan debt has
continued to increase among recent graduates.
When the
average overall cost of attendance
continued to soar,
student loan debt became a major problem in the United States when more and more college
students took out
student loans.
Meanwhile,
student debt continues to increase, with the Class of 2016
averaging out to over $ 37,000 in
student loan debt per graduate.
While the job market and overall financial prospects for recent grads may be brighter than those only a few years back, the
average Class of 2016 graduate will still shoulder over $ 37K in
student loan debt, and the cost of college
continues to rise.
As you can see from data from the Federal Reserve Bank of New York the number of delinquent
student loans and
average balance of
debt continues to rise for those above 60.
While we both earned our MBAs, our
student loan interest
continued to accrue and our total burden of
debt peaked in May 2013 to almost $ 150,000 — essentially the
average American mortgage
loan, without the house!
As the cost of college
continues to rise, so does the
average level of
student loan debt.