Back Issues May 2012 The loan load
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By Linda Baker
Portland State University 2010-11 tuition: $5,646 2011-12 tuition: $6,156 Increase: 9% 2010 average student debt load: $26,287 2011 average student debt load: $26,560 Increase: 1% Oregon State University
2010-11 tuition: $5,760 2011-12 tuition: $6,228 Increase: 8.1% 2010 average student debt load: $21,846 2011 average student debt load: $22,410 Increase: 2.6% University of Oregon
2010-11 tuition: $6,930 2011-12 tuition: $7,551 Increase: 9% 2010 average student debt load: $20,928 2011 average student debt load: $22,736 Increase: 9.3% All Oregon Universities 2009 average student loan debt: $22,417 2009 proportion of students with debt: 60% 2010 average student loan debt: $23,967 2010 proportion of students with debt: 63% |
As college students borrow more money to finance rising tuition costs, the education bubble may be the next to burst. In 2011, the nation’s student debt burden reached $1 trillion, surpassing total balances due on credit card and auto loans. In 2010, college seniors nationally carried an average of $25,250 in debt, up 25% since 2000. Unlike mortgage loans, student load debt can’t be discharged during bankruptcy. Instead, young people shoulder the credit risk, threatening their economic potential.From the Wires
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