Report: Ohio Ranks 7th For Student Loan Debt

COLUMBUS, Ohio (AP) - A new analysis shows members of Ohio's college class of 2010 who took out student loans graduated with 7 percent more debt than students who finished the year before.

According to figures released Thursday by The Project on Student Debt, Ohio ranked seventh for student loan debt among last year's graduates, who owed an average of about $27,700. The national average was $25,250.

Students in the Northeast and Midwest generally had more debt than those in the West. The state with the highest average graduating debt was New Hampshire, while Utah was lowest.

More than two-thirds of Ohio's 2010 college class borrowed for college. The report says when the students left school, they found a job market with an unemployment rate for new college graduates at 9.1 percent.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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