Student Loan Debt In NY Doubles In Last Decade
New York state residents owe a combined $82 billion in student loan debt, a figure that’s more than doubled in the past decade, according to numbers released Tuesday by state Comptroller Thomas DiNapoli.
Both the number of borrowers and the amount they owe increased sharply in recent years as the cost of higher education went up. The state now has 2.8 million borrowers, who each owe an average of $32,200.
The average in-state cost of tuition, fees and room and board at a public college was $20,549 last year, compared to $13,275 in 2005.
This article appeared in print on page 38 of edition of Hamodia.
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