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Illinois State University

Illinois college students feeling loan pain

Illinois college students feeling loan pain

Despite all the attention being paid to the nation's $1.3 trillion in student loan debt, borrowing is growing, and the burdens are especially painful for students in Illinois colleges.

Nationally, 69 percent of students who graduated from public and private nonprofit colleges in 2014 have student loan debt and left school with an average of $28,950 in loans, according to a study done by the Institute for College Access and Success.

While there has been no increase in the last two years in the percentage of students who borrowed money to pay for college, students are leaving school with more debt than in the past. The debt load for undergraduate students climbed 2 percent in...