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The average debt was $62,000.
For borrowers leaving school in 2017, the average debt was at $28,650.
"In 1988, the average debt was 90percentt of capitalization and equity was 10percentt," Mr. DeRosa-Farag said.
Of those in the report, the top two were the Cleveland Institute of Art, where the average debt was $55,231 and 82 percent of the students had loans, and Eastern Nazarene College, where the average was $51,336, and 87 percent had loans.
When I graduated from med school in 1975, the average debt was $13,000 (adjusted for inflation, that would be $57,000 in today's dollars, not $180,000).
At Columbia and Georgetown Law Schools, the average debt was above $150,000.
Similar(53)
The average debt is £132.
In England the average debt is £5,876; in Wales £6,231; Northern Ireland £4,319 and Scotland £2,025.
Three out of five undergraduates at Ohio State take out loans, and the average debt is $24,840," our colleagues report.
At most colleges and universities, the average debt is indeed rising, though the problem is not so extreme as the New York Times article that I mentioned earlier makes it look.
Among households carrying credit card balances, the average debt is $15,983.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com