While Americans may be decreasing their overall debt (mortgages, credit cards, car loans), they are taking on more and more debt to pay for college. Student loan debt is continually in the news, and we’ve previously written about student loan interest rates. With tuition prices on the rise and a lack of other payment options, many students graduate with a hefty debt burden.

The Wall Street Journal recently featured an article, “Student-Loan Debt Rises 8% as College Tuitions Increase,” which states, as the title suggests, that student loan borrowing is up 8% from this time last year.

Visit Math & YOU to learn more about using percent to describe an increase.