Iowa grads have more debt - KTTC Rochester, Austin, Mason City News, Weather and Sports

Iowa grads have more debt


AMES, Iowa (AP) -- Iowa's college graduates have some of the highest student loan debt in the nation.

The latest report on the subject from the Project on Student Debt says 73 percent of Iowa graduates left college with some debt in 2008. Their average debt was nearly $28,200, the second-highest in the U.S.

Only graduates in the District of Columbia owed more, on average.

Among the state's public universities, Iowa State graduates tend to owe the most. Iowa State's class of 2008 owed an average of $30,700.

Iowa State senior Jonny Choate says he will owe more than $50,000 when he graduates next spring. He says he's worried about finding a job that will pay enough for him to pay off his debt.

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