Class of 2015 carves out (unwanted) spot in history -- as class with most debt in history

Class Of 2015 Has The Most Debt In History
Class Of 2015 Has The Most Debt In History

The class of 2015 is already carving out their spot in history ... though it's not for something anyone would ever want.

College students across the country are donning their caps and gowns and heading out to the real world. They're taking open minds, knowledge ... and a boat load of debt.

New analysis by Edvisors, a company dedicated to advising students on how to pay for higher education, finds that the class of 2015 has the most debt than any other class in history.

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Students are steadily borrowing more money each year to pay for degrees that are getting more and more expensive. This year the graduating class will amount to $56 billion in student loan debt.

Policy Mic reports that the average student will be over $35,000 in debt after borrowing money for their bachelor's degree.

According to College Board, for the 2014-2015 academic year the cost for a moderate in-state public college is a little over $23,000 a year and around $46,000 for a private college.

Last year, Business Insider reported the most expensive college in the US is Sarah Lawrence in Bronxville, New York, with a tuition price of $65,480 a year.

U.S. College Tuition vs. Median Income Over Time StartClass