Higher Education Debt

According to The Institute for College Access and Success (TICAS) Project on Student Debt, the average borrower will graduate $26,600 in the red. While we've all heard the screaming headlines of graduates with crippling debt of $100,000 or more, this is the case for only about 1% of graduates. Average debt levels for all graduating seniors with student loans rose to $29,400 in 2012. That is a 25% increase from $23,450 in 2008.