Maryland Graduates in More Debt Than Ever Before

The average college graduate in Maryland had $21,750 in student loan debt in 2010, according to the report by the Institute for College Access & Success’ Project on Student Debt, a nine percent increase from the year before.

Maryland Student Loan Defaults Increase

The percentage of borrowers in the state that defaulted on their federal student loans within the first two years of repayment rose from 6.7 percent in 2008 to 7.8 percent in 2009.