Students at These Upstate NY Colleges Have the Highest Student Loan Burdens
Graduating from college is an incredible accomplishment, but one that comes with its fair share of challenges.
There are plenty of challenges that students face while on-campus: stressful exams, time-consuming internships and career placement are just a few of the countless hurdles that sit in front of students.
Once a student graduates from college, they face an entirely different set of challenges, and chief among those challenges is student loan debt.
Americans everywhere are currently burdened by student loan debt. As of the second quarter of 2024, the total student loan debt in the United States is over $1.74 trillion.
Here are a few specifics about the student debt crisis in America:
- The average federal student loan debt is $37,853 per borrower
- The average student borrows over $30,000 to pursue a bachelor's degree
- 51% of college undergraduates finish college with student loan debt
- 20% of all American adults with undergraduate degrees have outstanding student debt
- 24% postgraduate degree holders report outstanding student loans
- 0.65% of student loans are 90 days or more delinquent as of the second quarter of 2024
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Specific to New York, students across the Empire State are leaving college with significant student loan burdens, as well. A report from New York Upstate highlighted this issue, and also shared data showing the median student loan debt that students from individual universities are facing.
We highlighted a few of the institutions in the study from Upstate New York, and included their eye-popping student loan debt figures in a list below.
Scroll down to check it out.
These Upstate NY Colleges are Among Highest in State for Average Student Debt
Gallery Credit: Dan Bahl
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Gallery Credit: Dan Bahl