The student debt crisis in America is huge with trillion owed by million students But the real story is more complex than the average debt figure suggests This number hides a wide range of experiences from students with no debt to those who borrowed a lot for graduate school What Everyone's Getting Wrong About Student Loans Actually the average debt for a -year college graduate is closer to This is much lower than the often-quoted Also surprisingly those with higher debt are less likely to default on their loans Doctors and lawyers for example often have bigger loan amounts Key Takeaways The average debt figure is misleading and fails to account for graduates without any debt or those who borrowed for graduate school The actual average debt for a -year college graduate is around Borrowers with higher debt levels are less likely to default challenging the conventional wisdom The real crisis lies with the of students who drop out without a degree often due to financial pressures and lack of academic support These non-graduates face much higher delinquency rates despite having smaller loan amounts The Myth of the Average Student Loan Debt The common view of average student loan debt is often wrong Reports say the average college graduate has in loans But this doesn't tell the whole story Actually the real average debt is much lower About of college graduates leave school with no debt For the with debt the average is around This is a lot less than... Login to read full