College students racking up debt

Students at UTEP campus

College graduates are leaving school with more debt than ever before.

The Institute of College Access and Success says the average undergrad faced just over $30K in loans last year-- that's up 4 percent from 2014.

That means these students will pay about $300 a month for more than 10 years.

As for who's getting these loans, 68-percent of new four year graduates had loans last year.

Back in 1993, it was less than half of all new grads.

The report did not include for-profit colleges, many of which have been under fire for their student loan practices.

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