Having been through the student loan process myself, I know for a fact that Sallie Mae is not and never will be your friend. If I was a student right now, I’d try to avoid getting a loan at all cost. Even if that meant taking up Juicy J on his offer.
The latest annual estimate of student debt loads in America has been revealed and all I can say is damn!
Seven in 10 college seniors who graduated in 2012 had student loan debt, with an average of $29,400 for those with loans. The national share of seniors graduating with loans rose in recent years, from 68 percent in 2008 to 71 percent in 2012, while their debt at graduation increased by an average of six percent per year.
That average debt load is almost 10% higher than last year.
Debt by state ranges from more than $33K at the high-end (Delaware) to less than $18K at the low-end (New Mexico). Check out the full report for yourself.