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U.S. Student Debt Rose to Almost $29,000 for Graduates in 2014

  • Average student debt at graduation in past decade rose 56%
  • Students, parents have borrowed more than $1.3 trillion

Student debt for undergraduates who borrowed and finished college in 2014 left with an average of $28,950 in loans, up 2 percent from the previous class.

At public and private colleges, 69 percent of students took loans to fund undergraduate studies, according to a study released Tuesday by the Institute for College Access & Success, an Oakland, California-based nonprofit group.