An estimated 1.8 million students take on student loans to pay ever-rising tuition and room and board (New York Times, April 17,2009). It is also known that the average cumulative debt of recent college graduates is about $22,500. Let the cumulative debt among recent college graduates be normally distributed with a standard deviation of $7,000.

Approximately how many recent college graduates have accumulated a student loan of more than $30,000? LO5