Photo by clgregor

Via a Wall Street Journal story we missed yesterday, it seems college grads in Washington, D.C. graduate with the most debt in the country, according to a new study from the Project on Student Debt. Like every list we see that compares the District to states, we take this distinction with a grain or two of salt, but given that D.C. is home to one of the most expensive universities in the country, this particular ranking isn’t too hard to swallow. Factor in the large number of private universities located here with no high quality public school to compete with them, and you can understand why college students in Washington graduate with an average of $29,793 worth of debt, compared to $23,200 in the entire country. The WSJ also notes that the national average is way up compared to four years ago, when average college debt was at $18,650.