College Debt for 2011 Grads 5% Higher than 2010 Grads

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Two-thirds of the national college class of 2011 finished school with loan debt, and those who borrowed walked off the graduation stage owing on average $26,600 — up about 5 percent from the class before.

The latest figures are calculated in a report by the California-based Institute for College Access and Success (TICAS) and likely underestimate the problem in some ways because they don’t include most graduates of for-profit colleges, who typically borrow more than their counterparts elsewhere.

Additionally, 2011 graduates face an 8.8% unemployment rate.

Read more at Fox News

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Claire is an editor of the YoungPatriots website. A 20-something mom, her main concern is how the decisions made in government today will affect the lives of her children when they're her age. She believes passionately in a limited government, a charitable church and a peaceful personal life. In necessariis unitas, in dubiis libertas, in omnibus caritas.
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