April 25, 2017
A new report from the National Center for Education Statistics finds that 63 percent of college graduates still held student loan debt within four years of earning their degree. And among borrowers who were employed and paying back loans, their average monthly payment was about 10 percent of their salary.
The report, The Debt Burden of Bachelor's Degree Recipients, examined the student loan repayments four years after graduation for bachelor's degree recipients from 2007-08. The data analyzed for the report came from the Baccalaureate and Beyond Longitudinal Study, a national longitudinal survey.
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