Study: Alabama College grads have debt with diploma

BIRMINGHAM, Ala. (AP) — A study show that 44 percent of Alabama's college graduating class of 2011 finished with debt and the average amount was more than $25,000. Al.com reports the Alabama figure was below the national average of $26,600. The study by the Project on Student Debt found that the most indebted Alabama students graduated from Alabama A&M. Ninety-five percent of the Class of 2011 had debt, and the average was slightly more than $33,000. At Auburn University, 47 percent of the graduates had debt, and the average was nearly $24,800. At the University of Alabama, 42 percent of the graduates had debt, and the average was more than $26,700.