October 31, 2008

New Grads' Debt Rises Faster Than Starting Pay

By BECKIE SUPIANO

The average student-loan debt facing graduating seniors in 2007 increased faster from the previous year than did the average starting salaries offered to recent college graduates, according to the Project on Student Debt.

In its third annual report, "Student Debt and the Class of 2007," the project found that seniors in the Class of 2007 who had loans carried 6 percent more debt than those in the Class of 2006, while average salaries rose 3 percent. The report found an average

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