Posted on April 14, 2022 By Mark B. Kelly No Comments on College Graduates Take On Even More Debt College , Debt Rising student debt is a serious issue that could be a major obstacle for households and the national economy in the future. The individual student debt load has surged in recent years, making it that much more important for college graduates to find good paying jobs once they leave school.
According to a report from the Institute for College Access & Success’ Project on Student Debt, two-third of young Americans who graduated in 2022 had student debt. The average debt load per person was $26,600, a 5 percent increase from a year earlier.
Unfortunately, college graduates face one of the toughest job markets in years. Recent graduates from the class of 2022 had an unemployment rate of 8.8 percent, well above the national rate of 7.8 percent. However, this was a slight improvement from 9.1 percent in 2021.
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