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FRONT PAGE  |  1/24/2017
MONDAY, MAY 9, 2011  |  2 commentaries
Number of the Week: Class of 2011, Most Indebted Ever
The Class of 2011 will graduate this spring from America’s colleges and universities with a dubious distinction: the most indebted ever.

Even as the average U.S. household pares down its debts, the new degree-holders who represent the country‚Äôs best hope for future prosperity are headed in the opposite direction. With tuition rising at an annual rate of about 5% and cash-strapped parents less able to help, the mean student-debt burden at graduation will reach nearly $18,000 this year, estimates Mark Kantrowitz, publisher of student-aid websites Fastweb.com and FinAid.org. Together with loans parents take on to finance their children‚Äôs college educations ‚ÄĒ loans that the students often pay themselves ‚Äď the estimate comes to about $22,900. That‚Äôs 8% more than last year and, in inflation-adjusted terms, 47% more than a decade ago. ...


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