College grads enter job market burdened by record debt – USA Today

College grads enter job market burdened by record debt

MILWAUKEE – After four years at Marquette University here, Molly Mead is graduating Sunday with a bachelor’s degree in women and gender studies and history – and student loan debt totaling more than $28,000. In the fall, she plans to attend the University of Texas at Austin, where she expects to borrow another $20,000 as she pursues a master’s in social work.

This USA Today article, which originated with the Milwaukee Journal Sentinel, says:

Along with their new diplomas, this year’s graduates will leave campus with an average of $28,950 of student debt, according to the latest figures from The Institute for College Access & Success, an independent nonprofit research organization. The institute found that from 2004 to 2014 the share of graduates with debt rose modestly from 65% to 69%, but the average debt at graduation rose at more than twice the rate of inflation.

Find out more at the NEA’s Degrees Not Debt page:

College Affordability

“Student loan debt has been the driving force of my decisions for the last eight years of my life, and according to my current repayment plan, it is projected to be for the next 25 years of my life, well into the years when I should be planning a retirement.