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The statistics show the average US student loan dept is around $35k/borrower. However there are some who go to out of state private colleges which can get expen
by pkaye 7y ago
The statistics show the average US student loan dept is around $35k/borrower. However there are some who go to out of state private colleges which can get expensive. And there are for-profit private colleges that are basically scams and rack up significant debt.
* https://www.experian.com/blogs/ask-experian/state-of-student-loan-debt/ https://www.experian.com/blogs/ask-experian/state-of-student...
- teruakohatu 7y agoIs that the average amount borrowed or the average amount still owed? If the latter I am not sure how useful it is. It would be more useful to know how much students need to borrow today (or in 4 years time). In NZ the median student debt at end of study is just $17,000 NZD but that includes people dropping out after one year, non-university diploma courses and students whose parents paid for most of it or students who worked while studying and paid as they went. https://www.beehive.govt.nz/release/impact-student-loan-debt https://www.beehive.govt.nz/release/impact-student-loan-debt
- pkaye 7y agoI didn't do a lot of research so may have misread... according to this report, the average graduating debt for a 4 year degree is $29k. (see figure 1) https://ticas.org/wp-content/uploads/2019/09/classof2018.pdf https://ticas.org/wp-content/uploads/2019/09/classof2018.pdf