N.A. “How College Students Spend and Save Money” Jan. 2013 photograph. Flywire Blog.

The New York State Comptroller, Thomas DiNapoli, published an article that shows the growing problems pertaining to college debt in New York. He explains how student loan debt represents a large and growing economic burden in New York and nationally. Nationwide, such debt totaled slightly more than $1.2 trillion in 2015, up more than 150 percent from 2006. In New York, student loan debt more than doubled during the last decade, growing to $82 billion, an increase of 112 percent.1 The number of student loan borrowers also rose sharply in New York and nationally over the last ten years – with increases of more than 41 percent in the State, to 2.8 million, and nearly 60 percent in the nation, to 43.7 million. One reason as to why college debt has become such a serious issue is that every year colleges raise there tuition. Not only does tuition go up every year but college fees and the prices of books increase every year. Thomas DiNapoli’s article provides a graph that shows how bad college debt has really gotten in New York. To see this graph and find more information on college debt in New York and the rest of the country visit