Student Loan Debt Hits Record Level

6:40 AM, Oct 18, 2012   |    comments
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WASHINGTON (WUSA) -- Student loan debt among college seniors is piliing up at record levels. You can blame rising tuition and a tough job market for the bump in student loan debt among new graduates.

Last year, the average college student graduated with nearly $27,000 in outstanding loans. That figure is up five percent from 2010.

The Institute for College Access and Success Project says tuition, fees, the availability of financial aid and the cost of living all factor into the amount of debt students pile up.

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