MT Student Loan Debt Lower Than National Average - ABC FOX MONTANA NEWS, WEATHER, SPORTS - KTMF/KWYB

MT Student Loan Debt Lower Than National Average

Posted: Updated:
MISSOULA -

More than one million Americans this year will graduate with substantial student loan debt. Numbers from the government group, the National Conference of State Legislatures show graduates will have an average of  $26,500 in student loans. The NCSL numbers show the average student loan debt for Montana students falls below the national average.

Excitement is in the air at the University of Montana as about 2,900 students get ready to walk this stage on Saturday.

"I'm very excited to graduate, but I'm going to miss it here," said UM senior Kelly Dohan.

"I'm so excited. It's going to be awesome. I've been looking forward to it for a very long time," said soon to be graduate Eric Bruner.

For many students the excitement of graduating only lasts for so long.

"You get stressed during school, because you have finals and tests, and then you graduate and you're all excited, but it comes back to you, because then you have to worry about paying off student loans," Bruner said.

Bruner has just over $25,000 in students loans to pay off.

"There's pressure to pay them off, not to default on them, more pressure to get a job, so that you can afford paying off those loans," Bruner said.

Bruner's not alone. More than one million Americans are graduating with substantial student loan debt this year.

"Student loan debt is rising across the board. We're just seeing it happen slower in Montana than the rest of the country," said Greg Kolwicz with UM's Student Assistance Foundation.

A report by the government group shows Montana's average student loan debt falls between $20,000 and $22,000. That's below the national average of $26,500.

"When the recent recession hit, a lot of states responded by slashing their budget for higher education, and Montana froze their tuition which helped keep most of the costs associated with higher education lower," Kolwicz said.

Kolwicz doesn't expect this to last for long though.

"We're still seeing a rise in books and housing, and that's still things students need to take out loans for," Kolwicz said.

He said the average student debt in Montana will continue to rise slowly, but surely.

The NCSL is a bi-partisan government group that provides research, technical assistance and opportunities for policymakers to exchange ideas on the most pressing state issues.

  • NationalMore>>

  • Judge strikes down gay marriage ban, stays ruling

    Judge strikes down gay marriage ban, stays ruling

    Wednesday, July 23 2014 8:31 PM EDT2014-07-24 00:31:01 GMT
    A federal judge in Denver has declared Colorado's gay marriage ban unconstitutional, but he issued a temporary stay of the ruling until an appeals court hearing next month.
    A federal judge in Denver declared Colorado's gay marriage ban unconstitutional on Wednesday, but he issued a temporary stay of the ruling to give the state until next month to seek an appeal.
  • Senator says he had PTSD when he wrote thesis

    Senator says he had PTSD when he wrote thesis

    Wednesday, July 23 2014 8:24 PM EDT2014-07-24 00:24:24 GMT
    Montana Sen. John Walsh's thesis written for the U.S. Army War College contains unattributed passages that appear to be taken word-for-word from previously published papers.
    Sen. John Walsh of Montana said Wednesday his failure to attribute conclusions and verbatim passages lifted from other scholars' work in his thesis to earn a master's degree from the U.S. Army War College was an...
  • Arizona inmate dies 2 hours after execution began

    Arizona inmate dies 2 hours after execution began

    Wednesday, July 23 2014 8:23 PM EDT2014-07-24 00:23:08 GMT
    The U.S. Supreme Court cleared the way for Arizona to carry out its third execution in the past year Wednesday following a closely watched First Amendment fight over the secrecy surrounding lethal injection drugs.
    A condemned Arizona inmate gasped and snorted for more than an hour and a half during his execution Wednesday before he died in an episode sure to add to the scrutiny surrounding the death penalty in the U.S.
  • Most Popular

  • Most Popular StoriesMost Popular StoriesMore>>

  • Carlton Complex Fire now 250,136 acres; 2,500+ firefighters on scene

    Carlton Complex Fire now 250,136 acres; 2,500+ firefighters on scene

    Wednesday, July 23 2014 1:19 PM EDT2014-07-23 17:19:47 GMT
    UPDATE: The Carlton Complex is now the largest wild land fire ever to burn in the State of Washington. The perimeter of this fire is more than 100 miles long. The total acreage burned is 250,136 acres (391 square miles). A total of 2,542 firefighters and support personnel are assigned to the incident. The fire is 16% contained.
    UPDATE: The Carlton Complex is now the largest wild land fire ever to burn in the State of Washington. The perimeter of this fire is more than 100 miles long. The total acreage burned is 250,136 acres (391 square miles). A total of 2,542 firefighters and support personnel are assigned to the incident. The fire is 16% contained.
  • INCREDIBLE drone video shows fire destruction over Pateros/Brewster

    INCREDIBLE drone video shows fire destruction over Pateros/Brewster

    Tuesday, July 22 2014 9:51 AM EDT2014-07-22 13:51:52 GMT
    KHQ.COM - Chelan HD Productions has given us permission to show this incredible video they shot with a drone surveying the damage done from the Carlton Complex Fire in the areas of Brewster and Pateros. This video is truly jaw dropping and really shows the level of destruction from the fire.
    KHQ.COM - Chelan HD Productions has given us permission to show this incredible video they shot with a drone surveying the damage done from the Carlton Complex Fire in the areas of Brewster and Pateros. This video is truly jaw dropping and really shows the level of destruction from the fire.
  • UPDATE: Search and Rescue Efforts Continue for Flathead Kayaker

    UPDATE: Search and Rescue Efforts Continue for Flathead Kayaker

    Tuesday, July 22 2014 1:04 PM EDT2014-07-22 17:04:28 GMT
    The search for a missing kayaker will continue Monday on Flathead Lake, it's surrounding shores and the Flathead River, after he's been missing for more than 24 hours.
    The search for a missing kayaker will continue Monday on Flathead Lake, it's surrounding shores and the Flathead River, after he's been missing for more than 24 hours.
  • Update: Semi Removed, Lanes Reopen After Chemical Spill Near Bonner

    Update: Semi Removed, Lanes Reopen After Chemical Spill Near Bonner

    Wednesday, July 23 2014 3:22 PM EDT2014-07-23 19:22:36 GMT
    Emergency officials, including health department personnel, are on scene of a semi rollover east of Missoula.
    Emergency officials, including health department personnel, are on scene of a semi rollover east of Missoula.
  • Bugg Road fire near Tonasket

    Bugg Road fire near Tonasket

    Tuesday, July 22 2014 2:29 PM EDT2014-07-22 18:29:21 GMT
    KHQ.COM- UPDATE: The Bugg Road fire burning 7 miles east of Tonasket, WA and has destroyed one structure and expanded to 1,700 acres on Tuesday.This fire started on Monday and by the end of the day had burned 1,000 acres. Air support and dozers are trying to keep the fire in check.
    KHQ.COM- UPDATE: The Bugg Road fire burning 7 miles east of Tonasket, WA and has destroyed one structure and expanded to 1,700 acres on Tuesday.This fire started on Monday and by the end of the day had burned 1,000 acres. Air support and dozers are trying to keep the fire in check.
  • Water Pipe Improvements in Bozeman

    Water Pipe Improvements in Bozeman

    Wednesday, July 23 2014 12:41 AM EDT2014-07-23 04:41:42 GMT
    A water main break earlier today knocked out the water supply to about 20 homes in Bozeman. This is the second break within recent weeks, but city officials say there is nothing to be alarmed about.
    A water main break earlier today knocked out the water supply to about 20 homes in Bozeman. This is the second break within recent weeks, but city officials say there is nothing to be alarmed about.
  • Bozeman Scuba Divers Explore Yellowstone Lake

    Bozeman Scuba Divers Explore Yellowstone Lake

    Tuesday, July 22 2014 11:38 PM EDT2014-07-23 03:38:22 GMT
    Montana is known for its outdoor recreational and adventure sports.There's everything from whitewater kayaking to extreme mountain biking.
    Montana is known for its outdoor recreational and adventure sports.There's everything from whitewater kayaking to extreme mountain biking.
  • Many Frustrated By Stalled Cobell Settlements

    Many Frustrated By Stalled Cobell Settlements

    Wednesday, July 16 2014 9:30 PM EDT2014-07-17 01:30:30 GMT
    In Congress Wednesday, the group in charge of doling out Cobell settlement claims says it's waiting on setting exact amounts and a judge's okay before making the rest of the payments.
    In Congress Wednesday, the group in charge of doling out Cobell settlement claims says it's waiting on setting exact amounts and a judge's okay before making the rest of the payments.
Powered by WorldNow

Features

  • More Features
  • Powered by WorldNow
    All content © Copyright 2000 - 2014 WorldNow and Cowles Montana Media. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.