W3Schools

Parents are borrowing even more to pay for their kids’ college

Student debt appears to be leveling off for students who graduate with a bachelor’s degree. But that doesn’t mean their parents are alright.

The college class of 2016 graduated with $29,669 in student debt on average, according to an analysis of government data by Mark Kantrowitz, the publisher of Savingforcollege.com. That represents a just a slight jump — about 1% or $285 — from the class of 2012. The 2016 number is the latest for which government data is available, but Kantrowitz projects that students who received their bachelor’s degree in 2018, left school with $29,812 in student debt on average, also just a small uptick from current levels.

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