Brought to you by WBIW News and Network Indiana
Last updated on Monday, October 22, 2012
(WEST LAFAYETTE) - A new report says the average student loan debt for graduates of Indiana’s public, four-year universities last year rose to $27,500, or more than $1,000 higher than the national average.
A report by the advocacy group Project on Student Debt ranks Indiana 11th highest in the nation for student debt. It says 63 percent of the state's 2011 graduating class had debt, slightly below the national average.
Indiana Higher Education Commissioner Teresa Lubbers tells the Journal & Courier of Lafayette the debt has a chilling effect on how people decide on going to college.
The institution with the highest loan payback was Indiana University-Northwest at nearly $32,000 while students at the University of Southern Indiana owe $18,000 on average. Indiana University came in at $28,000 and Purdue at $27,000.
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