October 6, 2007

Project for Student Debt releases new figures – what’s your states’ average?

Posted in Student Loan News at 8:20 AM by Joe From Boston


Check out your state ‘s average student loan debt at the Project for Student Debt:

http://projectonstudentdebt.org/state_by_state-data.php

Their web-based tool is an awesome and easy way to see how people in your area fare. You can look up your state and compare it to others across the nation. Or you can download the full report here:
http://projectonstudentdebt.org/files/pub/State_by_State_report_FINAL.pdf

Here’s a few key points:

  • Graduating seniors saw an 8 percent increase in average student loan debt from 2005 to 2006 at schools that reported both years. Salaries, meanwhile rose roughly 4 percent in the same period for those seniors.
  • Because of the means of reporting (a survey conducted by Peterson’s using questions from the Common Data Set) and the limited number of schools reporting data, the average debt of the class of 2006 reported by schools – $19,646 – is likely about $1,500 lower than the actual average, making actual student debt levels approximately $21,100.
  • New Mexico, Washington, D.C. and New Hampshire have the highest debt levels, at $28,770, $27,757 and $24,800, respectively. Hawaii graduates have the lowest debt: $11,758.
  • High-debt states are found mostly in New England and the Midwest – which is no surprise to me, as I live in New England.
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2 Comments »

  1. […] moniqueleonard wrote a fantastic post today on “Project for Student Debt releases new figures – whatâs your states …”Here’s ONLY a quick extractGraduating seniors saw an 8 percent increase in average student loan debt from 2005 to 2006 at schools that reported both years. Salaries, meanwhile rose roughly 4 percent in the same period for those seniors. … […]


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