ANNAPOLIS, Md. — During this past election cycle, presidential candidates Bernie Sanders and Hillary Clinton both highlighted increasing college debt as one of the most important issues in the country.
Since the 2008 economic recession, student loan debt is the only form of consumer debt that has continued to increase, surpassing auto and credit card loans, according to the Federal Reserve Bank of New York.
Fifty-eight percent of Maryland undergraduates from public and private nonprofit four-year institutions who graduated in 2014 had debt, and the average total was $27,457, according to the Project on Student Debt.
Many of the reasons loans have increased is because the price to attend college, even at state schools that subsidize costs for some students, has also increased, including in Maryland.