reported that the average student loan debt in New Hampshire increased in the first half of 2024. This data comes from a report released by the New Hampshire Higher Education Assistance Foundation.
According to the report, the average student loan debt in the state rose by 6.3% from the previous year. This increase is concerning for many residents, as student loan debt continues to be a significant financial burden for individuals and families.
The report also highlights the impact of rising tuition costs and the overall affordability of higher education in New Hampshire. These factors contribute to the growing student loan debt crisis in the state, making it difficult for students to pursue a college education without taking on substantial loans.
The Laconia Daily Sun interviewed several students and recent graduates who shared their experiences with student loan debt. Many expressed frustration with the high costs of education and the challenges of repaying their loans after graduation.
The report also included recommendations for addressing the student loan debt crisis in New Hampshire. These suggestions included increasing financial aid options, implementing loan forgiveness programs, and promoting financial literacy among students.
Overall, the data presented in the report sheds light on the increasing burden of student loan debt in New Hampshire. As the state continues to grapple with rising tuition costs and affordability issues, it is crucial for policymakers and education leaders to take action to support students and alleviate the financial strain of higher education.
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