A new report from the Institute for College Access and Success (TICAS) has bad if not suprising news for recent and future grads: average student debt for the class of 2011 rose 5 percent to $26,600 up from $25,250 in 2010.
TICAS points out that this number could be even higher, since their findings rely on data provided voluntarily by colleges and universities and many declined to report.
And while the employment picture for young people only marginally improved last month, as Catherine Ruetschlin demonstrated, the report emphasizes that the investment remains worthwhile. Young people with only a high school diploma faced an unemployment rate of 19.1 percent in 2011, ten points higher than for college graduates.
