Student loan debt up 5 percent from 2010
Thursday, October 18, 2012 1:49 PM
Last year, college students graduated with an average loan debt of nearly $27,000, CNNMoney reported.
A report from the Institute for College Access & Success' Project on Student Debt said that two-thirds of students held student loans upon graduation.
The average borrower owed $26,600, which is up 5 percent from 2010 and is the highest level of debt in the seven years the report has been published, according to the report.