Graduates are Buried by Debt

Publication: The Record (Bergen County, NJ)

Author: Patricia Alex


11/04/2007 - It's no small thing to make it to the top of one of U.S. News and World Reports' college lists. But the folks at Seton Hall University aren't exactly celebrating their No. 1 national ranking for student-loan debt.

Sixty-one percent of students graduating from the South Orange campus have to pay back student loans -- the average totaling $37,724, according to America's Best Colleges 2008. The numbers are high but they are not an aberration. Nationally, nearly two-thirds of graduates of four-year schools have debt, according to the Project on Student Debt. That debt load averages $20,000.

New federal measures are expected to ease some of the burden going forward. But, for now, student debt -- which is estimated to have more than doubled in the last decade -- has a stranglehold on many students and families.

Read the full article Graduates are Buried by Debt at The Record's Web site.

Pew is no longer active in this line of work, but for more information, visit the Project on Student Debt Web site or visit the The Project on Student Debt on PewHealth.org.

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