There's good news and bad news for new college graduates. One new study has found that they are no carrying record levels of debt. But they're also getting record starting salaries.
About seven in 10 seniors set to graduate this spring borrowed for their educations, and they’ll carry an average of $37,172 in student debt as they enter the workforce, according to higher-education expert Mark Kantrowitz. That breaks the record set by the 2015 class, which owed just over $35,000.
But Americans who earned a bachelor’s degree last year landed a job with an average starting salary of $50,651, according to the National Association of Colleges and Employers. That was 5 percent higher than the average starting salary for 2014 grads. The New York Federal Reserve says the median salary for recent college graduates was $43,000 in 2015, up from $39,992 the previous year.