College students are taking on more debt than they used to for school, accord to an article in the New York Times on Tuesday.
Data from the federal Department of Education’s National Postsecondary Student Aid Study indicates that the average amount student borrow for Bachelor’s degrees has increased.
According to the study, the median loan debt was $19,999, up 5 percent from $18,973 four years earlier, adjusted for inflation.
The study also doesn’t take into account credit car debt or loans for post-graduate degrees.
I didn’t have to take out much money for undergrad because I chose to go to an in-state school and pursued scholarship opportunities, but it’s food for thought, especially if the recession continues to affect loan sources.
Hankinsense is a blog about life and money by Kellen Henry. It's the spare change dish of my life post-grad school in a lousy economy, in a struggling industry.
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