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Average U.S. student debt hits record

Rashaan Ayesh
Axios

"We have depressed ourselves into a mindset in which $30,000 in debt is acceptable for a degree."

The class of 2018 graduated with a record average of $29,200 in loans to help pay for a bachelor's degree, reports USA Today.

Why it matters: It was unusual to graduate with a high amount of debt a few decades ago, but "we have depressed ourselves into a mindset in which $30,000 in debt is acceptable for a degree," Mark Huelsman, an associate director at the left-leaning think tank Demos, told the newspaper.

Read more at Axios

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