Kentucky College Student Debt on the Rise

Nov 4, 2011

More than half of Kentucky's 2010 class incurred debt to pay for college and the number of those who borrowed grew by 4 percentage points over the previous year. While 54 percent of students who graduated with four-year or more degrees had student debt in 2009, 58 percent did in 2010, according to data released Thursday by the Project on Student Debt. The average debt of graduates also grew slightly, from $19,112 to $19,375. Kentucky ranks 43rd for student loan debt among last year's graduates. The national average was $25,250, up from $24,000 in 2009.