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Most Wisconsin grads leave school with thousands in student loan debt

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

MADISON, WI (WTAQ) - Over two-thirds of Wisconsin college graduates leave school with IOU's to go with their diplomas.  

The Institute for College Access and Success said the Badger State had the nation's eighth-highest percentage of graduates with student loan debts.  

68 percent of Wisconsin grads from the spring of 2012 had owed an average of $28,000 on their student loans. That's the 14th highest among the 50 states.  

Wisconsin's average debt is a little lower than the national norm of $29,400 -- and that's up 10 percent from the year before.  

The College Access institute says students in the Midwest and Northeast generally owe the most on their college loans, while the West and South have relatively low debt.  

The report also said about one of every five U.S. college grads are either not working, or getting fewer hours than they need.

(Story courtesy of Wheeler News Service)