But in Tennessee, the average debt is
Is only $21,775. Fifty-eight percent of graduates have debt. That's less than many new cars. Still, that's a lot and you especially have to worry about those who have debt but no degree. From CNN Money. There's a nice intereactive graphic where you can compare states in the article.
Average student loan debt: $29,400
The average debt load for the class of 2012 was $29,400, according to a report released Wednesday by the Institute for College Access & Success' Project on Student Debt.
In 2011, the average debt load was $26,600. The organization noted that its 2012 report is more comprehensive -- based on federal data that includes all four-year colleges collected every four years. In the years in between, averages are based on information provided voluntarily by colleges.
At the same time that debt has been going up, colleges across the country have been hiking tuition and fees and families' incomes have been shrinking, student loan debt has risen at an average rate of 6% per year from 2008 to 2012, the report found.