Average debt for college grads now more than $26,000

(NBC News Channel)
(NBC News Channel)
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Updated: 10/18/2012 8:17 am
SAN ANTONIO -- The average debt for college graduates has gone up.

The Institute for College Access and Success found the average debt for the class of 2011 is $26,600. That's a five-percent increase from the class of 2010's average debt.

Recent government numbers show that one out of ten students who took out a federal loan for college defaulted within two years of repayment.

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