
- The state with the lowest student debt is Utah. The average debt in Utah is $15,509 with 44% of students in debt.
- The state with the highest student debt is New Hampshire. The average debt in New Hampshire is $31,048 with 74% of students in debt.
- The student loan balance now stands at $870 billion, surpassing the nation's $693 billion credit card balance.
- Americans had $870 billion in student loan debt in the third quarter of 2011. That's nearly $2,800 per American.
- Private school students can owe up to $35,000 more than public school students.
- From the 2001-2002 school year and to the 2011-2012 school year, FAFSA has received three times more applications for student loans, going from 3,000,000 to 9,000,000.
- In 2008, 84% of undergraduates had at least one credit card, up from 76% in 2004.
- 85% of students working toward pharmacy (undergraduate and graduate) have student debt, owing an average of $81,838.
- Only 50% of college graduates have full-time jobs.
- The average college student debt has increased to $25,250.
- 40% of adults above the age of 35 are still paying off student loans.
Learn how to apply for financial aid. GO [1]
Sources: Huffington Post [2], Fin Aid [3], Bloomberg [4], ASA [5], The Atlantic [6], The New York Times [7], US News [8]