What is the average amount of money a college graduate owes in loans when he/she is finished?

Question

Does it depend on the field, or is there an average?

Answer 1

The most recent data available is from the 2006 school year - this particular report was published just about a year ago, now, in September 2007.

According to the "Project on Student Debt", the average undergraduate who completed school in 2006 had debt of $21,100. The survey found that students who attended schools in Washington, D.C. and New Hampshire reported the highest debt, $27,757 and $24,800. Students in Hawaii reported the lowest debt, $11,758.

The most "expensive" regions of the country were the Northeast and the Midwest.

If you want to read the report, which offers a state-by-state estimate of student debt, you can click on the link below. Good luck to you - I hope that helped answer your question.