Monday, June 4, 2012

Graduating collegians cope with student debt in a weak economy

Students and graduates from several Southland campuses talk of their loans and how paying them off figures into their plans. For some, the path seems secure; for others, uncertainty is the only certainty.

College graduation is typically a time to tally accomplishments and to look ahead. But for many graduates, it is also a time to tally student loans and figure out how to repay them.

About two-thirds of college graduates have some student loans to pay off, and their average debt is about $25,000 to $28,700, according to estimates by education experts and organizations. (About 10% of those with loans owe more than $50,000 or so.)

Many college seniors say they had not thought much about their debt until they received summaries just before graduation. Read More