Student loan debt continues to grow but not because students are borrowing more. It's because their parents are, according to savingforcollege.com.
Its publisher and vice president of research, Mark Kantrowitz, analyzed data from the National Postsecondary Student Aid Study, which is conducted every four years. The data shows that the average debt of college graduates with bachelor's degrees increased only 1% from 2011-12 to 2015-16 — to $29,669 — but the average debt for Federal Parent PLUS loans grew slightly above 19% over the same period to $32,596.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
