Class of 2012 Owes Almost $30K Each
By Rob Quinn, Newser
Staff
COMMENTS (21) 
(Newser) – The class of 2012
entered a tough jobs market buckling under an average debt load of $29,400,
according to the annual report from the Institute for College Access and
Success. That's up from an average $26,600 in 2011, and the rise can be blamed
on rising tuition fees combined with stagnant family incomes. The struggling
economy is a "double-edged sword in many ways because (students) and their
parents have fewer resources to pay for college costs, which may lead them to
take on more debt," the institute's research director tells USA Today.
