It's a tough time for college grads right now because finding a job in the field they went to school for is pretty tough especially when the unemployment rate is around 8%. Being out of school means repaying those college loans now and according to a new report, the recent class of graduates have a loan balance of nearly $26,600.

The report from the Institute for College Access and Success says that two thirds of graduates in 2011 finished school owing a little more than $26,000 and that figure is up about 5% from the 2010 class. Fortunately for me, when I graduated I owed nothing and it looks like that will be the same in December when my wife graduates from nursing school at TJC.

The TICAS says though that a college degree is still a valuable investment.