IDOE: Former Indiana college students buried in student loan debt
Posted: Feb 10, 2012 10:23 AM EDT | Updated: Nov 5, 2014 6:10 PM EDT
INDIANA -- Mounting student loan debt in Indiana is threatening to damage the state's economy.
According to the Indiana Department of Education has the third highest student loan default rate in the country.
The average Hoosier graduates from a four-year college owes $27,000. Many students say they don't make enough to afford the monthly payments.
This means they can't afford to make major purchases that drive the local economy.
State lawmakers are trying to help future students by coming up with bills that make it cheaper for students to go to school.