Loan Debts for Graduating Seniors
Graduating seniors completing their undergraduate degrees during the past six academic years finished school with the following average loan debt:
|
Academic Term |
Number of Borrowers |
Number of Graduates |
Average Loan Debt |
|
July 2008-May 2009 |
360 |
561 |
$22,319.59 |
|
July 2007-May 2008 |
369 |
621 |
$21,401.17 |
|
July 2006-May 2007 |
359 |
574 |
$21,020.29 |
|
July 2005-May 2006 |
255 |
415 |
$19,625.00 |
|
July 2004-May 2005 |
459 |
767 |
$20,616.36 |
|
July 2003-May 2004 |
463 |
758 |
$18,542.63 |
|
July 2002-May 2003 |
449 |
788 |
$18,125.15 |
What does this mean?
Average undergraduate cumulative student loan debt for the class of 2010 was $25,210 (includes federal, institutional AND private loans certified by the institution. Parent PLUS Loans are not included in this calculation) . SOURCE : The Project on Student Debt , Student Debt and the Class of 2010
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Updated November 4, 2011