For Immediate Release
Eric LeCompte, Executive Director, Kate Zeller, Campaigns Director
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Fed Says College Students Have More Debt than Previous Generations
WASHINGTON - A study released from the Federal Reserve Board notes that 70 percent of college students are graduating with more than $37,000 in debt.
"Student loan debt has reached crisis levels," noted Eric LeCompte who heads the religious debt watchdog, Jubilee USA Network. "Current graduates are carrying higher debts than any previous generation."
The Federal Reserve Board study found that college student debt levels in 2017 were twice as high as student debt in 2004.
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