how much money does the average college student owe after graduation?

Student Lounge College Life
1

<p>And on average how many years do they spend paying off their loans?</p>

2

<p>If you want to find out how much the average student at any given school owes at graduation, check out collegeboard.com. They have indiviual profiles on just about every college there is, including average indebtedness at graduation. This is also available on the Princeton Review site. As for the second question, I don’t know … S is a senior in HS and I’m new to all this too.</p>

3

<p>$20k…</p>

4

<p>About $23K</p>

<p>[FinAid</a> | Student Loans](<a href=“Your Guide for College Financial Aid - Finaid”>Loans - Finaid)</p>

5

<p>$20K-$23K assuming that they worked a part-time job?</p>

<p>That’s not a lot of money, by the way. If they study the right subject and obtain the right job they should be debt free before they know it.</p>

6

<p>I’ll be 5k in the hole when i graduate next semester. Yay for part-time jobs, parents being poor (financial aide!) and state university tuition rates :)</p>

7

<p>The loan numbers on Collegeboard or the Common Data Set only reflect the amount of federal student loans that financial aid recipients owe. Private student loans or home equity loans are not reflected in that figure. (I assume that’s because private loans are not typically reported to the college, so colleges cannot accurately report that figure to the public.) </p>

<p>The average student could graduate with no private loans or an additional $30,000. There’s no way to tell unless you interview a couple dozen randomly selected students.</p>

8

<p>What I want to know is how much does the truly average student (a 3.0 kid with middle class parents going to a state school) owe after graduation.</p>

9

<p>Again, that varies depending on the cost of the college in question. Some state schools are significantly more expensive than others.</p>

10

<p>^ yeah like UC’s :(</p>