How worried should we be that the debt load for college graduates keeps increasing — while job options keep decreasing?
According to this report recently released by the Project on Student Debt, the average debt for graduating seniors with loans rose from $18,650 in 2004 to $23,200 in 2008.
In Wisconsin, 62 percent of the students graduating from a public, four-year institution had debt. And of those, the average debt was $19,789. Of those who graduated from a private, nonprofit institution in Wisconsin, 70 percent left school with debt. Of those, the average debt was $26,802.