Average College Debt Rose to $24,000 in 2009 - NYTimes.com - 0 views
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George Mehaffy on 23 Dec 10"Average College Debt Rose to $24,000 in 2009 By TAMAR LEWIN Published: October 21, 2010 College seniors who graduated in 2009 had an average of $24,000 in student loan debt, up 6 percent from 2008, according to an annual report from the Project on Student Debt. Related Comment Post a Comment in The Choice Blog The increase is similar to those of the past four years, the report said, despite the recession, probably because members of the class of 2009 took out most of their debt before the economic downturn began. "This consistent growth in debt over the last few years really adds up," said Lauren Asher, president of the Institute for College Access & Success, the research and advocacy group that operates the debt project. "It's important to remember that the experts all agree that if you're going to borrow, you should take out federal loans first, because federal student loans come with far more repayment options and borrower protections than other types of loans." "