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Michigan ranks high for student debt

by
Student Loan Debt (courtesy of marketplace.org)
Student Loan Debt (courtesy of marketplace.org)

GRAND RAPIDS (WKZO) -- A breakdown of student loan debt has Michigan students ranked high in terms of overall debt.

According to a survey by The Project On Student Debt, 66-percent of college seniors who graduated in 2011 will owe student loans, with an average debt of 26,600-dollars.  Michigan students ranked 12th in the nation in terms of overall debt, owing on average 27,451-dollars upon graduation.

Utah had the lowest debt at just over 17-thousand dollars, with New Hampshire topping the list at well over 32-thousand dollars in debt.

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