facebook
twitter
rss
account
search
search
 

Study: One-third of student loan borrowers didn't finish college

June 28, 2013 at 2:18 PM   |   Comments

NEW YORK, June 28 (UPI) -- Student loan debt has increased to the point that one-in-five U.S. adults, one-third of them not college graduates, owe money on student loans, a study says.

A study by the Urban Institute says the average student loan debt grows by $1,000 each year, 19.6 percent of adults 20 or older owe money on student loans and 57 percent say they are concerned about repayment.

One-third of the debtors never graduated from college, the study said.

Congress is debating whether to allow the interest rate on a popular federal student loan program to double beginning July 1, CBS/MoneyWatch reported Friday.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Stratosphere crash driver commits suicide Stratosphere crash driver commits suicide
2
Kentucky firefighter injured in ice bucket challenge dies Kentucky firefighter injured in ice bucket challenge dies
3
Syrian Al Qaida group executes Lebanese soldier Syrian Al Qaida group executes Lebanese soldier
4
Sister shoots and kills brother to protect father Sister shoots and kills brother to protect father
5
New York buses will feature anti-Islam ads depicting James Foley New York buses will feature anti-Islam ads depicting James Foley
Trending News
Video
x
Feedback