Report shows average college student owes $30,000

Students determined to get their degrees are now collecting more debt.

A new report shows the class of 2012 graduated with an average debt close to $30,000. That is up nearly $4,000 from 2011.

The group who did the study says 2 big things are contributing to the spike: Higher tuition costs and more families are unable to help pay for school for their child.

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