Many students take loans to help pay for college. Among graduates in the class of 2011, 68 percent of students had debt at graduation, according to data their schools reported to U.S. News in a 2012 survey. On average, those borrowers left carrying about $26,220 in debt, based on reports from 1,033 ranked colleges that provided both the percentage of graduating students in the class of 2011 who had loans and the average total amount those students owed. That’s significantly lower than the six-figure debt that often makes headlines but is not very common, as financial aid expert Mark Kantrowitz has noted…

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About the Author:

Laura Ascione

Laura Ascione is the Editorial Director, Content Services at eSchool Media. She is a graduate of the University of Maryland's prestigious Philip Merrill College of Journalism. Find Laura on Twitter: @eSN_Laura