The Norman Transcript

December 5, 2013

Average student loan debt now at $29,400

The Norman Transcript

NORMAN — Seven in every 10 college students who graduated in 2012 had an average student loan debt of $29,400. That’s up nearly $6,000 from the 2008 student when 68 percent of the graduates reported an average debt of $23,450, according to a report from The Institute for College Access & Success.

It comes at a time when states are pushing more students to finish college, no matter the cost.

The cost varied among states, with Delaware students with an average debt of $33,649, the nation’s highest, while New Mexico students were the lowest with $17,994.

Oklahoma fares about the middle. Fifty-three percent of our 2012 graduates left school with an average debt load of $23,636. The institute uses data from the federal government. More than half of all public and private nonprofit four-year colleges shared their data.

Private, for-profit colleges are excluded, since none volunteer their figures.

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