Class of 2013 Grads Averages $32,500 in Debt

May 25, 2013

Between ballooning student loans, credit cards and money owed to family members, they are facing an average $35,200 in college-related debt, a Fidelity survey of 750 college graduates shows.

The bulk of the class of 2013’s debt is in government loans.

They also had an average of $13,000 in personal and family loans and $3,000 in credit card debt.

The majority, or 92%, say they will pay back their debt using income from their job, 25% said they will get help from their parents or family, 24% will use their savings and 21% will get a second job.

About 7% of graduates don’t plan on ever being able to entirely pay off their loans.

Story by Blake Ellis for CNN.

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One Response to Class of 2013 Grads Averages $32,500 in Debt

  1. Alyssa on May 27, 2013 at 11:16 am

    Also, it can just be considered a debt, like a car. No drama

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