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College grads' average debt exceeds $23,000

Source: Posted By: Aidan P...3984 days ago

A group that tracks college loan debt yesterday served up some sobering news for students on two fronts.

The average debt nationally among graduating seniors with loans reached $23,200 last year, a sum that has grown by about 6 percent annually since 2004, according to The Project on Student Debt based in Berkeley, Calif.

And graduates saddled with those loans likely are having a harder time finding a job to pay them off, given a third-quarter 2009 unemployment rate of 10.6 percent for graduates....

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