Cedar Rapids Weather
41 Percent Of 2012 UI Graduates Have No Debt
By Mark Carlson, Reporter
IOWA CITY, Iowa - New numbers from the New York Federal Reserve paint a grim picture for college students hoping to graduate without debt.
A study finds 13 percent of recent college graduates owe $50 thousand. 17 percent of graduates are at least 90 days behind on loan payments, according to the study.
The numbers suggest families aren't preparing enough for college and students are falling deeper in debt.
At the University of Iowa 41 percent of students graduated without any debt in 2012. A statistic better than the state average of 28 percent and national average of 34 percent from the previous year.
"The fact that 41 percent of our students are leaving here without debt compares very favorably," said Mark Warner, UI director of financial aid.