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Students' debt load surging, study says
The debt taken on by college students to pay for their educations has risen three times as fast as the cost of living, according to new figures released Thursday by a student advocacy group.
The average loan debt among public university graduates who borrowed money grew 115 percent nationally from 1993 to 2004, to $17,250 from $8,014, the study by the Oregon Student Public Interest Research Group said. In the same period, the cost of living in the Willamette Valley rose 32 percent.
College costs have risen faster than medical costs, which grew 62 percent in the 11-year period.
"I have $30,000 in student debt, and that's just for four years of college," said Francisco Castillo, who graduated from the University of Oregon in June with a bachelor's degree in political science.
More e loan student info
Public service attorneys may get student loan break
Public service attorneys in Kentucky may become eligible to save on their student loans from The Student Loan People with Best in Law benefits.
Best in Law provides interest and principal forgiveness each year that attorneys work in Kentucky as:
Public defenders.
.