Skip Navigation Links

Blog

The Deal with Debt

Who Owes What, Where and Why

October 22, 2010

The Deal with Debt

by Alexis Mattera

$24,000. To a recent graduate, that five-figure number could be 1. their starting salary at their first entry-level job or 2. the amount of student loan debt they have accrued while in school.

We’re going to talk about the second choice this morning, as a study by Peterson’s and the Project on Student Debt just revealed it was the average amount owed by graduates of the class of 2009. The study broke down debt levels by state and school (D.C. graduates had the highest while Utah students had the lowest) but did not include debt levels for graduates of for-profit schools because of a lack of data.

Arriving at these tallies didn’t come easy for the Project on Student Debt, which adjusted the averages initially recorded by Peterson’s ($22,500 and 58 percent of students who borrowed) because it felt they were too low when compared to the statistics recorded last year by the National Post Secondary Student Aid Study ($22,750 and 65 percent).

You may be one of the lucky students who scored enough scholarships and grants to have a degree in hand and no debt in sight or you may be flipping couch cushions in search of change to put toward your next payment but what do you think of these findings? A college degree certainly doesn’t come cheap these days!


Leave a comment

Please Login or Register in order to add a comment.
0 Comment(s)

Recent Posts

Tags

ACT (19)
Advanced Placement (24)
Alumni (16)
Applications (76)
Athletics (17)
Back To School (72)
Books (66)
Campus Life (444)
Career (115)
Choosing A College (42)
College (920)
College Admissions (225)
College And Society (271)
College And The Economy (331)
College Applications (141)
College Benefits (282)
College Budgets (205)
College Classes (437)
College Costs (454)
College Culture (549)
College Goals (386)
College Grants (53)
College In Congress (78)
College Life (501)
College Majors (213)
College News (504)
College Prep (165)
College Savings Accounts (17)
College Scholarships (129)
College Search (110)
College Students (377)
College Tips (99)
Community College (54)
Community Service (40)
Community Service Scholarships (26)
Course Enrollment (18)
Economy (97)
Education (24)
Education Study (28)
Employment (36)
Essay Scholarship (38)
FAFSA (49)
Federal Aid (86)
Finances (68)
Financial Aid (362)
Financial Aid Information (39)
Financial Aid News (32)
Financial Tips (35)
Food (44)
Food/Cooking (27)
GPA (80)
Grades (91)
Graduate School (54)
Graduate Student Scholarships (19)
Graduate Students (63)
Graduation Rates (38)
Grants (61)
Health (38)
High School (128)
High School News (62)
High School Student Scholarships (144)
High School Students (260)
Higher Education (110)
Internships (525)
Job Search (168)
Just For Fun (96)
Loan Repayment (33)
Loans (39)
Military (16)
Money Management (134)
Online College (20)
Pell Grant (26)
President Obama (19)
Private Colleges (34)
Private Loans (19)
Roommates (99)
SAT (22)
Scholarship Applications (154)
Scholarship Information (142)
Scholarship Of The Week (228)
Scholarship Search (183)
Scholarship Tips (71)
Scholarships (362)
Sports (61)
Sports Scholarships (21)
Stafford Loans (24)
Standardized Testing (45)
State Colleges (42)
State News (33)
Student Debt (76)
Student Life (501)
Student Loans (130)
Study Abroad (66)
Study Skills (214)
Teachers (94)
Technology (111)
Tips (480)
Tuition (92)
Undergraduate Scholarships (35)
Undergraduate Students (154)
Volunteer (45)
Work And College (82)
Work Study (20)
Writing Scholarship (18)

Categories

529 Plan (1)
Back To School (351)
College And The Economy (464)
College Applications (244)
College Budgets (333)
College Classes (549)
College Costs (705)
College Culture (904)
College Grants (132)
College In Congress (123)
College Life (870)
College Majors (323)
College News (825)
College Savings Accounts (55)
College Search (383)
FAFSA (108)
Federal Aid (118)
Fellowships (23)
Financial Aid (639)
Food/Cooking (76)
GPA (277)
Graduate School (106)
Grants (71)
High School (482)
High School News (208)
Housing (172)
Internships (564)
Just For Fun (202)
Press Releases (1)
Roommates (138)
Scholarship Applications (184)
Scholarship Of The Week (303)
Scholarships (548)
Sports (73)
Standardized Testing (58)
Student Loans (220)
Study Abroad (60)
Tips (744)
Uncategorized (7)
Virtual Intern (531)

Archives

< Mar April 2014 May >
SunMonTueWedThuFriSat
303112345
6789101112
13141516171819
20212223242526
27282930123
45678910

Follow Us:

facebook twitter rss feed