Average Michigan Graduate Owes Thousands in Student Loans

According to the latest data, the average Michigan graduate owes $30,852 in student loans.

That includes both federal loans and private loans.  Federal loans are capped at $31,000 total for undergraduate dependent students.

The average student debt at graduation in 2016 ranged from about $20,000 in Utah to about $36,000 in New Hampshire.

According to the Detroit Free Press, college is one of the biggest investments Americans make, yet many are making choices without basic information.