Attending college, whether you’re earning a bachelor’s degree or you’re shooting for a doctorate, is far from inexpensive. The odds are good, that you’ll graduate with more than $20,000 in student loan debt just for earning a bachelor’s degree.
Here’s a closer look at just how overwhelming student debt can be.
In 2008, the average debt of a student graduating with a bachelor’s degree from a four-year public university stood at $19,535. Students earning a bachelor’s degree from a private four-year university graduated with an average of $25,350 worth of debt.
The average student in 2008 graduating from a four-year public university racked up $16,456 worth of federal student loan debt. The student graduating from a private university took out an average of $18,248 in federal student loans.