Just when you thought college couldn't get more expensive

[Mwfan1921]

It does vary by state, with states like PA and CT having much higher debt levels than states like UT and NM, presumably due to in-state tuition and FA policies.

Yes, good point.

I wanted to add that the average debt number in the TICA report ($29,200) is only for the subset of undergrads who took any debt (65%). So, about 1/3 of students had no debt, which obviously would drive the average debt number down if looking at the entire class of 2018.

Some may argue that too many people get bachelor’s degrees

I am not sure I’ve heard someone argue that 48% is too high a proportion of 25+ year olds having a bachelor’s degree. I am open to hearing that reasoning though.

https://www.census.gov/library/stories/2019/02/number-of-people-with-masters-and-phd-degrees-double-since-2000.html