The University of California (UC) released a new report on July 1 stating that 63 percent of undergraduate students in the class of 2024 graduated debt free, compared to just 43 percent in 2013.
The average debt of in-state students in 2024 was $17,300, compared to $28,700 in 2013.
“Most UC students graduate debt-free, and for those who borrow, the debt is generally manageable and declining over time,” the report states. “UC has … reduced [the] cost of obtaining a college degree.”
For the upcoming 2026–2027 school year, UC charges an estimated $15,588 in tuition for a year, up from the $12,570 it charged five years ago.
With other charges like housing, textbooks, and meals, it costs more than $47,000 annually for in-state students living on campus and over $46,000 for those living off campus, according to UC’s website….