Nevada college grads carry lighter debt load

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Nevada college grads carry lighter debt load

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Nevada graduates owe less money after college than their peers in most other states.

Nevada graduates owe less money after college than their peers in most other states.

The state has made a list of the top ten states with the lowest average for student loan debt among its college graduates.

Nevada came in at number 4, with the average amount of debt for its graduates at less than $21,000 compared to the national average of more than $29,000 in loans to repay.

For 2012, 41% of Nevada college graduates carried some amount of debt. That's actually the lowest percentage of any state and considerably lower than the national average of 71%.

New Mexico, California, and Arizona topped the lowest debt list while students in Delaware and New Hampshire reported the highest amounts of debt.

This is the eighth year The Institute for College Access and Success has released this report analyzing the debt levels for recent graduates of four-year colleges across the country.

Similar to previous years, the higher-debt states tend to be located in the Northeast and Midwest, while the lower-debt states are mainly in the West and South.