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Report: 2010 Minnesota Graduates $29K in Debt

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MINNEAPOLIS (AP) – A new report finds Minnesota students are near top in the nation in yet another category, college debt.

Members of the class of 2010 from Minnesota colleges and universities who took out loans graduated with an average of $29,000 in debt, the fourth-highest in the nation.

The figures were compiled from survey data by The Project on Student Debt. Nationally, the average debt load was just over $25,000.

Among public colleges in Minnesota, students at the University of Minnesota-Duluth graduated with the most average debt at nearly $31,000.

Among the private colleges listed, graduates of the Minneapolis College of Art and Design were tops at nearly $44,400 in debt.

The report found that 71 percent of the Minnesota class of 2010 graduated in debt – fifth highest in the nation.

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

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