The Institute for College Access & Success’s Project on Student Debt has released its annual report on the status of student debt among America’s college graduates, Student Debt and the Class of 2015.
According to the report, 68% of students who graduated in 2015 from four-year public and nonprofit private colleges nationally graduated with student loan debt. The average loan debt for those who borrowed was $30,100, about 4% more than the previous year’s graduates.
The average loan debt for graduates of Kentucky institutions included in the report was $27,225, about 11% lower than the national average. Statewide, 64 percent of Kentucky students graduated with loans. Kentucky had the 32nd highest average student debt total among the states.
The average graduate debt at AIKCU institutions was even lower, at just under $25,000. [The median debt of AIKCU members was $27,291.] 12 of 18 AIKCU members were included in the report.
The average loan debt at Kentucky’s public universities was just over $28,000. 7 of 8 public universities were included in the report.
The TICAS report includes data voluntarily reported to Peterson’s for about 56 percent of the public and nonprofit colleges and universities in the U.S. The report does not include information about borrowing at proprietary institutions.
See the TICAS data for Kentucky institutions.