Student loans, which were recently compared with home loan bubble of 2008, have shown the signs to prove the comparison right, in a study conducted by The Institute of College Access and Success. With Six states having average debt more than $ 30,000, condition of the rest of the states is also not very good. For public and nonprofit graduates, state averages for debt at graduation ranged widely in 2013, from $18,650 to $32,800, and new graduates’ likelihood of having debt ranged from 43% to 76%. The study revealed that approximately 70% of college students who graduated from public and nonprofit colleges in 2013 had student loan debt, with an average debt of $ 28,400 which is 2% more as com
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