Average debt for Delaware graduates grew by 77% in decade
WILMINGTON, Del. (AP) — During the last decade, the average amount of debt for students graduating from Delaware colleges has increased at a rate higher than any other state.
The News Journal reports that data compiled by the Institute for College Access and Success shows that between 2008 and 2016, the average college debt burden for graduates in Delaware grew from $20,511 to $36,276, a 77 percent increase.
The average debt for Delaware graduates is the fifth highest in the nation. The institute said Delaware has an above-average number of out-of-state residents. They pay higher tuition, which results in more student debt.
Colleges are not required to report student debt figures. The data used in the institute’s reports is provided voluntarily, accounting for half of all public and nonprofit bachelor’s degree-granting four-year colleges.
Information from: The News Journal of Wilmington, Del., http://www.delawareonline.com