College student indebtedness is on the rise, admissions directors and students at Elon University share their opinions about college loans and student debt

Cameron Saucier

By Cameron Saucier

In 2014, an estimated 1.8 million college students will receive their bachelors degrees. But for many of these students, a bachelors degree isn’t all they obtain after graduation. They are also awarded a hefty receipt for all of their student loans. College debt has become an increasingly prevalent force in the lives of many college graduates – and it’s not getting better.

According to a new report released by the Institute for College Access and Success (TICAS), debt has increased an average of 6 percent each year from 2008 to 2012. The data from the report was derived from the federal government from an annual voluntary survey.

The report says U.S. debt averages varied depending upon geographic location. Generally, the Northeast and Midwest were areas of the most concentrated student debt. New Hampshire and Delaware remain two of the highest-debt states in the nation.  Conversely, lower-debt states…

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