Student Debt Climbs in Delaware

Jul 9, 2019

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The average student debt for those getting a degree from Delaware colleges is rising at a faster rate than any other state over the ten years.

That’s according to the Institute for College Access and Success.

The Wilmington News Journal reports that between 2008 and 2016 the average college debt burden for graduates in the state has rising from around $20-thousand to just over $36-thousand.

That’s a 77 percent increase.

The Institute says that makes it the fifth highest in the country.

The First State also saw a jump in the number of students with college debt during the same period rising from 44 percent 62 percent.

That increase puts Delaware in the number 10 spot for graduates with college debt.

New Hampshire has the highest proportion at 75 percent.