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New Mexico State University
New Mexico State University

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Red to Green Money Management Financial Literacy

 

Tip of the Week!

QUICK FACTS ABOUT STUDENT DEBT, MARCH 2014

In 2012, 71% of all students graduating from four-year colleges had student loan debt.
That represents 1.3 million students graduating with debt, up from 1.1 million in 2008 and 0.9 million in 2004. In 2012:
• 66% of graduates from public colleges had student loans.
• 75% of graduates from private nonprofit colleges had student loans.
• 88% of graduates from for-profit colleges had student loans.

Average debt levels for all graduating seniors with student loans rose to $29,400 in 2012 — a 25% increase from $23,450 in 2008. In 2012:
• At public colleges, average debt was $25,550 — 25% higher than in 2008, when the average was $20,450.
• At private nonprofit colleges, average debt was $32,300 — 15% higher than in 2008, when the average was $28,200.
• At for-profit colleges, average debt was $39,950 — 26% higher than in 2008, when the average was $31,800.
You can find more info like this at: http://projectonstudentdebt.org/files/pub/Debt_Facts_and_Sources.pdf

 

 

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