Which college graduates are most indebted - ForumDaily
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Which college graduates are most indebted

Photo: depositphotos.com

Photo: depositphotos.com

About 60% of graduates in 2015 have graduated from college with debts, according to LendEdu, a company that helps borrowers refinance their student loans.

On average, the 2015 graduate debt of the year is $ 28 400.

Four-year colleges with the highest average debt per borrower:

1. Berkeley College of Music: $ 86262.
2. Molloy College: $ 62 744.
3. University of Everglades in Sarasota: $ 59 699.
4. National University: $ 52 986.
5. University of Everglade at Boca Raton: $ 52 166.
6. Grambling State University: $ 51 887.
7. University of Everglades in Maitland: $ 50 999.
8. Charlotte Christian College and Theological Seminary: $ 50 033.
9. Wesleyan University (GA): $ 48 460.
10. Stevens Institute of Technology: $ 48 244.

Of course, some of these colleges are very expensive. At Berkeley College of Music and the Stevens Institute of Technology, more than $ 60 000 per year is charged for tuition, room and board.

At the same time, both institutions offer significant financial assistance. Only 10% of Berkeley college graduates take student loans. Almost all students at the Stevens Institute of Technology receive some kind of scholarship from the school, but 75% of graduates still took out a loan.

Not all educational institutions from the list provide students with scholarships or grants. For example, the National University, a private nonprofit college in California, provides financial assistance to only 3% of its students, so the vast majority of students pay full tuition.

And other colleges can offer significant help, but attract a high percentage of low-income students. At Gramblinge State University, Louisiana, about 84% of students apply for federal grants, which are awarded to low-income families. Although this helps reduce costs, family members are less likely to cover all other expenses.

Four-year colleges with the lowest average debt per borrower:

1. Dalton State College: $ 3 000.
2. Ozarks College: $ 5 339.
3. Davis College: $ 5 360.
4. University of Arkansas for Medical Sciences: $ 7 000.
5. Barclay College: $ 7 220.
6. Beria College: $ 7 928.
7. Quincy Medical School: $ 8 321.
8. Princeton University: $ 8 577.
9. University of Alaska Pacific: $ 8 922.
10. Webb Institute: $ 10 000.

The College of the Ozarks and the Christian College of Humanities in Missouri give out scholarships that cover the full cost of each student’s tuition in exchange for working on the 15 campus for a long time. Students need to pay room and board, books and other expenses.

Princeton University, which costs $ 45 320, also has a financial assistance program. From 2001 onwards, he began to offer scholarships and grants to each student, which are enough to pay tuition without any debt. Other Ivy League schools followed suit, and Beria College and Webb Institute in New York have similar programs.

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