Report Details The High Debt From Higher Education

Ann McClure's picture
Wednesday, August 15, 2012

They're the new 1 percenters.

Keep that figure in mind the next time you read or hear stories about students who graduated from college with six-figure debt. Those borrowers who have loaded up on $100,000 or more in college-related debt represent extreme situations, according to research from Mark Kantrowitz, editor of the highly popular FastWeb and FinAid college financial aid websites and author of "Secrets to Winning a Scholarship."

Kantrowitz's research shows that less than 1 percent of students graduate from college with debt exceeding $100,000.

The average undergrad actually leaves college with a more affordable amount of debt, about $27,000.

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