College student debt still rising

Shane Peaster

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Student debt is still on the rise across the nation, according to an annual report released in October from The Institute for College Access and Success (TICAS).

Students graduated in 2015 with an average of $30,100 in student debt, a four percent increase from the 2014 average of $28,950. The report also highlights that seven out of 10 graduates leave college with student debt.

In addition to looking at national averages, the report looks at debt by state and college.

Georgia students graduate with an average of $27,754 in student debt, ranked 24th nationally with the lowest debt. Nearly 61 percent of college graduates from four-year institutions in Georgia graduated with some amount of student debt, which ranks the state at 23rd in percent of graduates with debt.

Georgia Southern University students came out below the national and state average, graduating with an average of $27,025 in student debt in 2015.

At the beginning of 2015, there were over 1.4 million borrowers in Georgia, according to a report from the White House.

For the past 11 years, TICAS has published the annual report to detail and increase awareness of rising student debts and the effects that they have on graduating students.