Six out of 10 Kentucky undergraduate students are now graduating debt-free, according to a new report by the Kentucky Council on Postsecondary Education (CPE). The number is up from 2019-20, when four out of 10 students were graduating debt-free. The debt report examines the average loan balance of low-income, in-state and out-of-state students. Typically, out-of-state students carry the largest loan balances, followed by resident and then low-income students. Average loan amounts have declined across all groups—even for students from low-income backgrounds.