The Class of 2014 Just Made History in the Worst Imaginable Way

Zak Cheney-Rice:

The news: Congratulations, class of 2014!

Not for graduating — though that’s nice, too — but for earning one of the more dubious distinctions in recent memory: You’ve officially been named “the most indebted class ever.”

According to the Wall Street Journal and data compiled by analyst Mark Kantrowitz, the average loan-holding 2014 college graduate will have to pay back $33,000. That’s up from around $31,000 in 2013 and under $10,000 in 1993: