Fed bank: Arizonans' student debt load doubled since 2007 - Fraser Allan Best, Tucson.com

Arizonans came out of the recession with more than twice the student debt that they carried 10 years ago, as economic forces that came with the recession created a “perfect storm” for rising debt. The Federal Reserve Bank of New York said Arizonans carried $4,690 in student debt per capita in 2016, up from $1,930 in 2007, the year that marked the beginning of the recession. Experts say the increase is due to state funding cuts to higher education budgets, increases in tuition and — in what may be counterintuitive for an economic recession — more people deciding to enroll in college. http://tucson.com/news/local/fed-bank-arizonans-student-debt-load-doubled-since/article_9688347d-3548-5e2f-b49c-410c6b8ba5ad.html