The average student loan debt for Class of 2017 college graduates was $39,400, up 6% from the previous year. In total, Americans owe more than $1.48 trillion in student loan debt. The average monthly payment on student loan debt is $351. Sixty-six percent of public college graduates have loans, with an average debt of $32,300.
How can we make college more affordable for American students? We can start by helping public universities make up for decreases in state spending with other funding sources. Read Arnerich Massena’s white paper, Keeping College Affordable: How to fund public university obligations in a low-return environment, to learn more.
Source: “A Look at the Shocking Student Loan Debt Statistics for 2018,” Student Loan Hero; https://studentloanhero.com/student-loan-debt-statistics/