A new report shows college student loan debt doubled in New York over the last decade.
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According to U.S. News and World Report, the average graduate this year has more than $37,000 in debt. Nearly 60 percent of millennial graduates have no idea when their student loans will be paid off, the report suggests.
With a lingering recession and a terrible job market, students who have left New Mexico colleges and universities have the highest student loan default rate in the United States.
Too many recent graduates are awash in debt and this will hamper not only their ability to save but also to spend and to help the economy grow.
This letter and attached documents identify widespread servicing failures connected to loans formerly serviced by ACS (a/k/a Xerox Education Services, a/k/a Conduent).
Letter from PHEAA to Senator Lamar Alexander identifying widespread servicing failures connected to loans formerly serviced by ACS (a/k/a Xerox Education Services, a/k/a Conduent).
Minnesota ranks fifth in the nation for student debt, and fourth for its proportion of students shouldering college debt loads.
As part of its most recent report on household credit, the NY Fed has produced a neat pair of maps detailing which states have the highest education debt burdens and which have highest delinquency rates. The two pictures overlap less than you might expect.