Student loan debt doubled in NY

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Student loan debt doubled in NY

Sep, 24th 2016

Student-loan debt in New York averaged $32,200 last year, double what it was a decade ago, a report Tuesday found. The report from state Comptroller Thomas DiNapoli said New York’s student-loan debt grewfrom $39 billion to $82 billion over the past decade. The college loans for New Yorkers outpaced the national average, which was $29,700 last year, DiNapoli said based on a review of state and federal data. He said the debt hurts the state's economy. "New Yorkers saddled with college debt have less disposable income and often have to push off buying a home or saving for the future," DiNapoli said in a statement.

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