Close to six in 10 new graduates of Missouri’s colleges and universities carry some student loan debt, and the average borrower from those schools has more than $26,000 in loans to pay off.
That’s according to an annual report from LENDEdu, a company that tracks data on student debt. The report was compiled using voluntary responses to a survey about 2017 graduates submitted by 1,080 schools across the U.S.
Among 2017 graduates, Missouri has a slightly higher prevalence of student debt (59 percent) than the U.S. as a whole does (57.96 percent). However, the amount of debt those graduates are carrying ($26,834) is less than the national average ($28,288).
The survey provides debt profiles of 29 Missouri colleges and universities.
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