Student Loan Debt Increases by More Than Half in Ten Years

004The debt awaiting college graduates has grown by 56% in the last decade according to a recent report.

The average student debt at college graduation grew from $18,550 in 2004 to $28,950 in 2014. While the share of graduates with debt only ticked up slightly — from 65% in 2004 to 69% in 2014 — the increase in the average amount of debt far outpaced inflation growth at 25% over that time. While the share of graduates with debt only ticked up slightly — from 65% in 2004 to 69% in 2014 — the increase in the average amount of debt far outpaced inflation and wage growth, which increased 25% and 23% respectively during that time.

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