Indiana Student Debt 16th Highest In The Country

Christopher Penn (flickr)

Indiana's 2013 college graduates have an average debt of $28,466, the 16th highest in the country.

Indiana’s 2013 college graduates left school with an average of $28,466, according to a report released Thursday by the Project on Student Debt at The Institute for College Access & Success.

That makes Indiana the state with the 16th highest amount of average student debt, the same ranking from the graduating class of 2012.

The annual report looks at cumulative debt of college graduates from four year universities. The report looked at graduates of both public and private universities and found 69 percent of graduates nationwide have some amount of student debt.

One thing to note about Indiana’s student debt statistics is the 2013 average amount, $28,466, is slightly higher than 2012 graduates who left school with an average of $27,866. While the amount of debt is higher, the percent of students carrying the debt is down to 62 percent from 64 percent in 2012. Meaning less students are leaving college with debt, but those who do have more of it.

Rose-Hulman Institute of Technology in Terre Haute was singled out in the report as one of the private non-profit universities with some of the highest debt. The report did not cite specific numbers but it ranked Rose-Hulman in a category of schools with average student debts between $41,750 and $71,350.