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Graduates face debt with diplomas

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The class of 2013 faces looming debt as they search for jobs in their career fields. (Source: CNN) The class of 2013 faces looming debt as they search for jobs in their career fields. (Source: CNN)

(CNN) - The class of 2013 faces looming debt as they search for jobs in their career fields.

The average college graduate has nearly $35,000 in student loan and credit card debt. If they live in certain states, they might not pay back those loans.

Nearly 12 percent of all students promissory notes are at least 90 days past due.

New data from the New York Federal Reserve Bank shows West Virginia has the highest rate of delinquent student loans - nearly 18 percent. South Dakota has the lowest delinquency rate at 6.6 percent.

Student loans have been in the political and financial spotlight lately. It was the only type of debt to increase during the recession.

The average balance is close to $25,000.

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