According to New Report, Utah College Students Borrow Less Money Than the National Average
A new report found this interesting little tidbit.
According to Desert News:
Utah college students borrow less money than national average, report says
SALT LAKE CITY — Utah college students are less likely than students elsewhere to have unpaid student loans when they graduate, and indebted graduates in the state usually owe less than the national average, according to a report by the Utah System of Higher Education.
By the end of the 2013-14 school year, 52 percent of Utah college graduates had taken out student loans — about 17 percent below the national average — and incurred an average debt load of $22,418, about 21 percent less than the national average loan amount.
Utah students were also less likely to miss the payments on those loans. Between 2011 and 2013, 9.8 percent of indebted college graduates in the state defaulted on student loans, compared to 13.7 percent nationally, according to the report released last week.
Education leaders say Utah’s position in relation to other states is partly because of a student culture that is reluctant to take out student loans.
Utah college students borrow less money than national average, report says (Desert News)