By Alex Napoliello/NJ.com

New Jersey now ranks eighth in the country in terms of the highest amount of loan debt owed by its graduates, according to a new report released Wednesday.

The average debt owed by New Jersey college graduates in 2012 was $29,287, according to the Project on Student Debt 2012. That’s up from an average of $27,610 in 2011 and $23,792 in 2010.

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