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Student Loan Debt Rising

Student Loan Debt Rising

By Lauren Bayne Anderson

May 13, 2011

It’s tough out there.

And that shows when it comes to student loans. Students are borrowing more and more.

According to CreditKarma.com, a consumer credit advocate, which recently released its U.S. Credit Score Climate Report with trend data for April 2011, student loan debt increased over last year.

In fact, nationally, average student loan debt per consumer increased six percent since April 2010 to $29,572. Consumers in 16 states increased student loan debt by more than the national average since April 2010, including:

  • Illinois, Kansas, Kentucky and Virginia — increased student loan debt seven percent
  • Connecticut, Georgia, Indiana, Tennessee and Washington — increased student loan debt eight percent
  • Minnesota — increased student loan debt nine percent
  • Massachusetts and North Carolina — increased student loan debt 11 percent
  • Maryland — increased student loan debt 12 percent
  • Oregon — increased student loan debt 13 percent
  • Oklahoma — increased student loan debt 16 percent
  • Wisconsin — increased student loan debt 17 percent

Information compiled from http://pr-usa.net.

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