Most students going into hock for college
Average debt after graduation is more than $19,000
— reported by the Houston Chronicle
Nearly two of every three undergraduate students are going into debt to go to college, owing an average of more than $19,000, most often to the government.
Among a dozen states sampled, New York students averaged the largest loans, while those in Oregon and Minnesota were most likely to have borrowed.
About 65 percent of students who graduated in the 2003-2004 school year did so after getting student loans, according to the Department of Education’s National Center for Education Statistics.
For students who took out loans, the average debt was $19,202. Of that sum, $17,022 came through federal loan programs.