California undergrads have second-lowest debt in nation, study says
California students who borrowed money while completing their college degrees last year had about $20,000 in debt, the second-lowest figure in the nation, according to a study released Wednesday morning.
The average U.S. undergraduate who took out loans for higher education and graduated in 2012 owed $29,400, according to the report by the Institute for College Access & Success, a nonprofit.
Delaware students incurred the most debt, nearly $33,600, followed by students in New Hampshire and Pennsylvania, the study found. Undergraduates in New Mexico owed the least with just under $18,000.
Even though tuition at California state colleges and universities has climbed in the last decade, it has held steady recently.
The study examined federal data from all four-year colleges and information from public and nonprofit four-year schools that voluntarily provided debt data.
[For the Record, 12:30 p.m., Dec. 4, 2013: An earlier version of this post incorrectly stated that the study examined only data from public and nonprofit four-year schools that voluntarily provided debt data.]
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