Friday, October 22, 2010

Student debt at all-time high : Recent grads also deal with record unemployment for their age group

The Chicago Sun-Times reports:
According to numbers released Thursday by the Project on Student Debt, four-year college grads in the United States, on average, graduated in 2009 with $24,000 in student loan debt, a record high.

At the same time, they moved into a work world with an 8.7 percent national unemployment rate for college graduates ages 20 to 24 -- the highest annual rate on record, according to the student loan project, put together by the California-based nonprofit Institute for College Access & Success.
An article well worth your time. Here's some numbers on average debt by state.