NYS Reports on Student Debt Crisis

New York State Comptroller Thomas DiNapoli released a report Tuesday on student loan debt which found the average New Yorker with college loans owed $32,200 in 2015, higher than the national average of $29,700. In New York, student loan debt more than doubled during the last decade, growing to $82 billion from $39 billion, an increase of 112 percent. Dinapoli said Rising college costs were one factor in the growth of student loan debt.