The Project on Student Debt recently published its figures for the Class of 2009—and it ain’t pretty.
American student debt is frighteningly high; according to the study, which was published by the Institute for College Access and Success, the national average debt for a graduating senior in 2009 was $24,000. Among all states, D.C. claims the highest debt rate per student ($30,033), although New Hampshire ($29,443), Maine ($29,143), Iowa ($28,883), and Vermont ($27,786) followed close behind.
Surprisingly enough, however, Georgetown doesn’t have the highest student debt among all schools in the nation’s capital. Corcoran College of Art and Design ($42,355) leads the pack, followed by American University ($40,966) and George Washington University ($31,299). The figures make Georgetown’s $25,085 average debt look paltry by comparison.