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The average college graduate who takes out loans departs with $[tex]27,000[/tex]in debt, according to the census agency.
At Morehouse College's commencement ceremony on Sunday, Robert F. Smith, the founder of the private equity firm Vista Equity Partners, declared that he would donate an estimated $[tex]40[/tex] million to pay off the student debt owed by the [tex]2019[/tex] graduating class. The announcement rekindled the continuing discussion about how rising student debt will affect American college graduates. The Federal Reserve reports that more than half of young adults who attended college in[tex]2018[/tex] had debt. According to Student Loan Hero, [tex]69[/tex]% of [tex]2018[/tex] graduating students had student loan debt, with an average sum of $[tex]29,800[/tex].
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According to the census bureau, the average college graduate who takes out loans leaves with $27,000 in debt.
A key component of the U.S. Federal Statistical System, the United States Census Bureau (USCB), sometimes known as the Bureau of the Census, is in charge of gathering information on the population and economy of the United States. The director of the Census Bureau, which is a division of the U.S. Department of Commerce, is chosen by the president of the United States.
The largest statistics organization within the federal government is the Census Bureau. We are committed to offering up-to-date information on the people, places, and economy of America. The confidentiality of every piece of data the Census Bureau gathers is safeguarded by federal law.
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