In 2013, studies show that the average in Maine ($29,934) is higher then the national average of $28,400. Another study sent out to schools in Maine but only 4 schools responded back shows the average debt of a four year student that attends these schools. Husson University in Bangor Maine has an average debt of $31, 466. University of Maine at Farmington has an average debt of $30,216 per student. Bowdoin college in Brunswick has a average debt of $21,292 per student. Lastly University of Maine at Presque Isle has an average debt of $20,919 per student. The #1 school with the highest average student debt is McNally Smith College of music in Minnesota with the debt at $53, 974. At the same school , 68% of students graduate with debt. (Peters, Steven) One reason why there are so many people with college debt and why colleges are raising prices is because they have so many people in college. The number of students increased by 62% in the past 20 years. 7/10 students who graduate have student loan debt which is about $30,100 per person. Thats the cost of a new car you could get.