Here's one survey colleges in California should feel proud to rank consistently low on: the average debt of their graduates.
In 2008, an estimated 48 percent of students graduating from four-year public and private schools in California had debt, and their loans averaged $17,795 per person. Only six states had lower average debt.
Nationwide, about two-thirds of students graduating in 2008 came out with debt, averaging $23,200, up from $18,650 four years ago, according to a study released Tuesday by Berkeley-based Project on Student Debt.
The national numbers came from a survey of students conducted every four years by the federal government. The government does not break out debt for all states or individual schools. To get those numbers, the Project on Student Debt used unaudited data filed voluntarily by 922 public and private nonprofit schools, about half of all such schools.
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