rising debt

New Graduates: Welcome to a World of Debt

Ben Novotny

Outstanding student debt across the United States has reached $1.2 trillion according to Forbes, and is increasing at a faster rate than mortgages and auto loans. Seventy-one percent of 2013 college graduates had student loan debt, with an average of $29,400 per borrower, and more than half of Californians have student debt with an average of $20,000, according to data compiled by the Institute for College Access and Success.

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