According to a new report, the loan debt of college students has hit a record high. The average college student who graduated in 2011 had $26,600 in student loans. The average debt is the largest since 2005. The study also showed that recent graduates have difficulty finding jobs.
“Recent college graduates have entered an enormously difficult job market, which poses particular challenges for those who need to begin paying back student loans,” the study said, according to CNBC.
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