College Graduates Facing Mounting Debt, Rising Unemployment

Source: blogs.wsj.com Posted By: Valerie M...5254 days ago

College graduates face record high levels of debt and unemployment, according to a report released this morning from the Project on Student Debt.

The nonprofit reports that average debt for college seniors who graduated with loans in 2008 rose to $23,200 in 2008, up from $18,650 in 2004. Roughly two-thirds of students graduate with student loans, government surveys show.

Lauren Asher, president of the Project on Student Debt and co-author of the paper, says the growing debts show a “systemic....

Read full story >>

• (0 vote)   

•  
• Comments(0)|
• Report It|
• Blog It