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Fox Business reports.

Read This Before You Borrow Money for College

College students these days are borrowing more money than ever before. The average 2016 graduate racked up a whopping $37,172in student debt, and a big reason for the uptick is the rising cost of higher education on the whole.

The College Board reports that the average price for in-state tuition at a public college was $9,410 for the 2015-2016 school year compared to just $4,400 10 years prior. Furthermore, the total cost to attend a public in-state college, including room and board, books, and fees, was $19,550 for the 2015-2016 school year — almost double the $10,550 it cost back in 1995.

Private colleges are showing similar trends. The total cost of a year of study was $43,920 for the 2015-2016 school year, up from $27,000 10 years ago.