Student loan debt is up - KOTA Territory News

Student loan debt is up

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Student debt is on the rise. According to a recent TransUnion report, in 2012 students were on average about $24,000 in debt. That's a 30 percent increase from 2007.    

At the School of Mines the debt numbers are similar. Financial Aid Director, David Martin, says it varies, but it generally ranges from $22,000 to $25,000. He says new government rules may be the reason for the increase in student debt.    

"For many, many years the Federal student aid programs have been kind of off limits for any budget constraints that's no longer the case. We're seeing changes in eligibility requirements."  

Martin suggests students look for scholarships. Below are links to scholarship websites.

Mapping Your Future

Fastweb

City of College Dreams

NerdScholar Scholarship Tool

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