The national average
amount of debt students leave college with (for both undergrad and graduate students) is $ 37,000, and the average payment amount is $ 351 per month.
Loan repayment is offered for a 2 - year term, with a cap of $ 35,000 per year — an amount that some say is not keeping pace with the
rate of debt students are now incurring.
Eighty - six percent of high school guidance counselors are concerned about the amount
of debt students take on to pay for college, says a study.
He claims that information and counseling «is an important step in making college more affordable and controlling the amount
of debt students incur.»
Considering that the average amount
of debt student borrowers carry out of college is $ 17,000 then that is the amount they are asking private lenders to loan them when refinancing.