A new report from the Institute for College Access and Success finds that the average recent Wisconsin college graduate with student loan debt owes $29,460. The state ranks fifth in the nation with 70% of 2015 college graduates having student loan debt, compared with 68% nationally. Nationwide, the average student loan debt for 2015 graduates was $30,100, a 4% increase over 2014.
“Student debt is still rising, and the typical college graduate now leaves school with over $30,000 in loans,” said TICAS president Lauren Asher. “We need to make college more affordable and debt less burdensome for students and families.”
The NEA and WEAC are committed to addressing the problem of student debt, which strongly impacts our members as well as future educators. Find more information on this important topic HERE.
Read the TICAS news release:
Read the entire TICAS report:
Coalition Letter Urging Strong Borrower Relief and College Accountability Regulations . Letter to Education Secretary John King from 58 organizations that advocate for students, veterans, service members, civil rights, consumers, college access and success, and college faculty and staff expressing support for strong rules that protect students and taxpayers from fraud, deception and other misconduct by unscrupulous schools.
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Nationwide, the average student loan debt for 2015 graduates was $30,100, a 4% increase over 2014.