College students are leaving campus deeper in debt than their peers did just a decade ago.
The ongoing rising cost of college tuition translates into generations of graduating class borrowers expected to repay their student loans despite stagnated wages and trouble finding jobs. Student loan debt in the U.S. rose by more than twice as fast as the rate of inflation over the past ten years, with the average burden being nearly $30,000 per graduate
"We see more than a quarter of graduate students that have more than $100,000 in debt," says Natalia Abrams, executive director of non-profit organization Student Debt Crisis, in an interview with CNBC.
Katie Kircher is one of those indebted former students. The 2015 recent college graduate from American University told CNBC's "On the Money" that she is now responsible for $90,000 in student loan debt.