A new study suggests that rising tuition costs, higher borrowing limits on government loans and new wave of low-income students have pushed average debt burden of college graduates higher as more students borrow. Undergraduate students borrowed, on average $19,300 which is up from $12,100 a decade earlier. More students, even from the nation's wealthiest families, took on debt to pay for college. The volume of federal government loans alone rose 137 percent from 1992 to 2002, to $20.7 billion.
Related articles
Accelerate mobility
-
Math's 'Flipped classroom’ model to support student success
-
Wayne State celebrates first-generation students, social mobility
-
Provost announces 2024-25 Academic Leadership Academy cohort
-
Wayne State School of Social Work receives more than $1 million to support the next generation of Michigan’s behavioral health social workers
College to Career
-
WSU student selected for prestigious trucking program to shape the future of logistics
-
Wayne State University introduces 24 courses to boost academic offerings
-
Wayne State celebrates first-generation students, social mobility
-
Wayne State University launches WSU OPEN to speed and simplify external partnerships, names Michigan Central as first partner
Fuel innovation
-
Wayne State University wins top national prize for innovation and economic engagement
-
Wayne State University launches WSU OPEN to speed and simplify external partnerships, names Michigan Central as first partner
-
Wayne State University partners with Michigan Tech to launch NEH-Funded Deep Mapping Institute
-
Detroit researchers find new clues in causes of vision loss in various ocular diseases that may lead to new treatments
Empower health
-
Bernard J. Costello, MD, DMD, joins Wayne State University as Senior Vice President for Health Affairs
-
College of Nursing grant helps train hundreds to address mental health challenges
-
Diabetes on the rise: How Wayne State’s experts are leading the charge for change
-
Wayne State-led health care collaborative launches network to promote healthier pregnancies in Michigan
Public Health
-
Bernard J. Costello, MD, DMD, joins Wayne State University as Senior Vice President for Health Affairs
-
V Efua Prince explores urban health challenges in new book ‘Kin’ amid ongoing research on addiction and mental health
-
Riding with the Wayne Mobile Health Unit
-
NIH funds critical center in Detroit to lead efforts to investigate and mitigate health impacts of community-voiced chemical and non-chemical stressors