Dive Brief:
- A new report shows that the average debt for college graduates with student loans was $28,400 in 2013, up 2% from 2012.
- About seven of every 10 nonprofit college graduates in the Class of 2013 had student loan debt, according to the report from the Institute on College Access & Success.
- Of the total debt for the 2013 graduates, 19% was in private loans.
Dive Insight:
The report from the Institute on College Access & Success also shows the top 10 states with the highest average debt per student in the Class of 2013 and the top 10 for the lowest averages. New Hampshire had the highest average at $32,795, followed by Delaware, Pennsylvania, Rhode Island and Minnesota. The lowest average was in New Mexico at $18,656, followed by California, Nevada, Washington, D.C., and Oklahoma.
