NAICU - New graduates grapple with mounting debt load, weak economy

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New graduates grapple with mounting debt load, weak economy

Scranton, Pa., Times-Tribune

July 17, 2010

With employment prospects bleak, wages stagnant and student loan burdens larger than ever, new graduates are finding debt payments tough to manage. The average U.S. student graduated with $25,000 in debt, according to the United States Student Association. That's about double the debt burden of just 12 years ago. A combination of flat wages and spiraling tuition has made student borrowing commonplace, with some graduates of private schools facing six-figure debt.

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