View Full Version : Average US Student Debt: $24,000

10 October 2010, 06:09 PM
The average student debt load for a member of the class of 2009? $24,000, according to a new report from the Project on Student Debt. ( This figure represents a 6 percent increase from 2008.

The report reveals that northeastern states have the highest concentration of debt, with averages across states ranging from $13,000 to $30,000. The report looked at graduates of private and public non-profit four-year colleges.

10 October 2010, 02:46 AM
The report mentions that unemployment among recent college graduates climbed also. The statistics are not a good omen.

10 October 2010, 10:30 AM
Twenty four thousand really doesn't seem that bad. It's equivalent to a moderately nice car, and will almost certainly give better returns in both a pragmatic and emotional sense. A New York Times article I read once said that student debt of up to your expected first year salary is relatively painlessly manageable.

10 October 2010, 08:35 PM
I'd gratefully spend $24,000 to ensure a better job, or more importantly, get a job I enjoy.

10 October 2010, 09:19 PM
Education should be free. Educated people are good for the economy, so it's in a government's best interests to pay for it. Or, at the very least, subsidise it heavily. I think it's absolutely disgusting how much people have to pay for an education.

10 October 2010, 09:36 PM
Education should be free.

In a perfect world :/

10 October 2010, 11:03 PM
In a perfect world :/

In other words, in Sweden and Norway. And I think Denmark and Finland too.

Gotta love those Viking countries.

10 October 2010, 12:51 AM
Yeah but technically the schooling isn't free, you have to consider their huge taxes that pay for that schooling. Don't get me wrong, school should be free, but nothing is ever free. :/

10 October 2010, 01:54 PM
At least their taxes are being put to good use, unlike so many other countries. Have you ever been to Scandinavia? Norway is about as close to perfect as I can imagine a country to be. Sure, they pay high taxes. But the standard of living is incredibly high, the average wages are very high, and the best part - the people are happy. Northern Europeans rate very highly on happiness indexes.

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10 October 2010, 01:54 PM
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