Ariz.'s student-loan debt is below average
Web Producer: Mekita Rivas
PHOENIX (AP) - Student-loan debt at Arizona's three universities is below the national average for public schools, but students in the state are still seeing an increase in how much money they owe by the time they leave school.
The Arizona Republic reports (http://bit.ly/VcH2kP) that the average undergraduate student and graduate student who borrows money leaves with $22,178 and $47,803 in debt, respectively.
That marks a 26 percent increase for undergraduates and a 40 percent rise for graduate students since 2007.
Education and financial experts say growing debt is a big concern because students are on the hook to pay back more money once they graduate.
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