Student Debt Rises Again

Michael Stratford:

Students in the class of 2013 who took out loans to attend public and private nonprofit colleges graduated with an average of debt of $28,400, a 2 percent increase from the previous year, according to a new report released Wednesday by the Institute for College Access and Success.
About 70 percent of graduates had student loans, the report says, but the amount they owed varied widely across different institutions and states.

Six states — New Hampshire, Delaware, Pennsylvania, Rhode Island, Minnesota, and Connecticut — had graduates with average student loan debt in excess of $30,000. At the other end of the spectrum, New Mexico and California, at $18,656 and $20,340, respectively, were the states with the lowest average student loan debt.