Average Student Loan Debt Has Increased 177% Since 1989


by Michael Collier on Sep 22, 2013 | Views: 328 | Score: 2
Average Student Debt Per Household
19899634
199211086
199511714
199817942
200117562
200420022
200723349
201026682
Average Household Student Debt
Sources: motherjones.com
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Michael Collier
Michael Collier on Sep 22, 2013 9:13 AM said:

With the cost of a college education continually on the rise, student debt has shot up tremendously in recent years. Americans owe nearly $1 trillion on their student loans, and the amount of student debt per household has increased 177% since 1989.

Anonymous
Anonymous on Sep 22, 2013 10:17 AM said:

Does this account for inflation? And the fact that more people per household are now going to school?

Michael Collier
Michael Collier on Sep 22, 2013 10:49 AM said:

Even considering inflation, compared to the overall price of consumer goods, tuition prices have risen pretty drastically since the 80's. Public college tuition has increased nearly 72% just since 2001.