Student Loan Debt Statistics - What Everybody Ought to Know

Its no secret that the debt of the average American citizen is rising. Wages are being outpaced by growing inflation and with the possibility of a recession, things aren’t looking any better. Among the people affected the most are students. Below are statistics about student debt and loans that everyone should know, whether they’ve been to college or not.

Today, more than ever before, more students are borrowing to cover their college expenses. By the time they graduate, nearly two-thirds of students at four-year colleges and universities have student loan debt (66% in 2004). In 1993, less than one-half of four-year graduates had student loans, compare that to 2004 when over 60% of graduates from public universities had student loans. Read more…