Grads from these colleges have the most debt

[Enfuego]

About 60% of graduates left their school in 2015 with some debt, according to a report from LendEdu, a company that helps borrowers refinance their student loans. It's based on the most up-to-date data reported from the colleges themselves.

On average, the Class of 2015 borrowed $28,400. Someone with that much student debt will be paying about $288 a month for 10 years, assuming a standard repayment plan and a 4% interest rate.

But some grads left with a lot more.

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

1. Berklee College of Music: $86,262
2. Molloy College: $62,744
3. Everglades University - Sarasota: $59,699
4. National University: $52,986
5. Everglades University - Boca Raton: $52,166
6. Grambling State University: $51,887
7. Everglades University - Maitland: $50,999
8. Charlotte Christian College and Theological Seminary: $50,033
9. Wesleyan College (Georgia): $48,460
10. Stevens Institute of Technology: $48,244

To be sure, some of these colleges are very expensive. Berklee College of Music and Stevens Institute of Technology charge more than $60,000 a year for tuition, room and board.

While both institutions offer a significant amount in financial aid (only 10% of Berklee grads take out student loans), those who do borrow end up with large debts.

Nearly everyone at Stevens receives some kind of scholarship from the school, but 75% of grads still took on debt to pay for the large bill.

Other schools on the list don't charge a huge amount for tuition. So, what gives?

Some of these schools don't give as much in the way of scholarships and grants (money you don't have to pay back). National University, a private, non-profit college in California, awards just 3% of its students this kind of financial aid, according to government stats, and a large majority of students are responsible for the full tab.

And others may offer significant aid, but attract a high percentage of low-income students. At Grambling State University in Louisiana, about 84% of students qualify for federal Pell Grants, which are awarded to low-income families. While that helps keep the costs down, their families are less likely to be able to cover the rest.

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

1. Dalton State College: $3,000
2. College of the Ozarks: $5,339
3. Davis College: $5,360
4. University of Arkansas for Medical Sciences: $7,000
5. Barclay College: $7,220
6. Berea College: $7,928
7. Blessing-Rieman College of Nursing: $8,321
8. Princeton University: $8,577
9. Alaska Pacific University: $8,922
10. Webb Institute: $10,000

Dalton State College, part of the public Georgia university system, charges very little for tuition. Full-time, in-state students paid $4,052 for tuition and another $7,083 to live on campus last year, according to government stats.

And the College of the Ozarks, a Christian liberal arts college in Missouri, awards scholarships that cover the full cost of tuition to every student in exchange for working on campus 15 hours a week for most weeks and two 40-hour weeks. Students are left to cover room and board, books, and other living costs.

Princeton, which charges $45,320 for tuition, also has a generous financial aid program. Since 2001, it started offering every student enough in scholarships and grants so that they could pay for tuition without taking on any debt. Other Ivy League schools have followed suit, and both Berea College in Kentucky and Webb Institute in New York have similar free-tuition programs.

 

[he_dblhockeystx]

Everglades university stickin it to they're students hard !

 

[JustinCruise]

wow, imagine leaving a music school with 86k in debt. You will be lucky to find a job as a substitute teacher

 

[HamGlaze]

wow, imagine leaving a music school with 86k in debt. You will be lucky to find a job as a substitute teacher

Here is one of the more successful graduates.

 

[XSPower]

popcorn-eatinggif

 

[JustinCruise]

Here is one of the more successful graduates.

lol

 

[Knightrofins]

I live in Florida and have never heard of Everglades university.

 

[DesertDevil]

I live in Florida and have never heard of Everglades university.

I don't think most of us have. And they show up on the list 3 times.

 

[Ricboff]

4% interest? gee, good racket for the govt....at least until the kids stop paying....


anybody want to go to USC dental school.....


http://dentistry.usc.edu/programs/dds/cost-of-attendance/


Cost of Attendance

Doctor of Dental Surgery (DDS) Program

Estimated cost of attendance for 2016-2017

Direct Costs	Year 1	Year 2	Year 3	Year 4
Tuition	$87,804	$87,804	$87,804	$58,536
Instrument Management System Fee	$4,224	$4,224	$4,224	$2,816
Dental Equipment	$10,629	$3,234	$0	$0
Health Insurance	$1,816	$1,816	$1,816	$1,816
Disability Insurance	$55	$55	$55	$55
Health Fee	$817	$817	$817	$589
Scrubs Fee	$350	$0	$0	$0
Dental Gown Usage	$165	$165	$165	$110
ASDA/CDA Dues	$85	$85	$85	$85
Topping Student Aid Fund	$16	$16	$16	$16
Graduate Orientation Fee	$105	$0	$0	$0
Graduate Student Programming Fee	$80	$80	$80	$80
Graduate Student Service Fee	$28	$28	$28	$28
Computer/laptop Purchase	$500	$0	$0	$0
Total Direct Costs	$106,674	$98,324	$95,090	$64,131
Allowances for Indirect Cost
Room & Board	$22,000	$22,000	$22,000	$16,500
Transportation	$3,451	$3,451	$3,451	$2,588
Personal/Miscellaneous	$2,533	$2,533	$2,533	$1,900
Estimated Cost of Attendance	$134,658	$126,308	$123,074	$85,119 :monsters-

<tbody>
</tbody>

 

[Ricboff]

some of the kids aren't paying......



http://www.wsj.com/articles/more-than-40-of-student-borrowers-arent-making-payments-1459971348

[h=1]More Than 40% of Student Borrowers Aren’t Making Payments[/h]

[FONT=&quot]More than 40% of Americans who borrowed from the government’s main student-loan program aren’t making payments or are behind on more than $200 billion owed, raising worries that millions of them may never repay.[/FONT]
[FONT=&quot]The new figures represent the fallout of a decadelong borrowing boom as record numbers of students enrolled in trade schools, universities and graduate schools.[/FONT]
[FONT=&quot]While most have since left school and joined the workforce, 43% of the roughly 22 million Americans with federal student loans weren’t making payments as of Jan. 1, according to a quarterly snapshot of the Education Department’s $1.2 trillion student-loan portfolio.

[/FONT]
[FONT=&quot]About 1 in 6 borrowers, or 3.6 million, were in default on $56 billion in student debt, meaning they had gone at least a year without making a payment. Three million more owing roughly $66 billion were at least a month behind. [/FONT]
[FONT=&quot]Meantime, another three million owing almost $110 billion were in “forbearance” or “deferment,” meaning they had received permission to temporarily halt payments due to a financial emergency, such as unemployment. The figures exclude borrowers still in school and those with government-guaranteed private loans.[/FONT]

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​

[FONT=&quot]The situation improved slightly from a year earlier, when the nonpayment rate was 46%, but that progress largely reflected a surge in those entering a program for distressed borrowers to lower their payments. Enrollment in those plans, which slash monthly bills by tying them to a small percentage of a borrower’s income, jumped 48% over the year to 4.6 million borrowers as of Jan. 1.[/FONT]
[FONT=&quot]Advocacy groups, some members of Congress and the federal Consumer Financial Protection Bureau fault loan servicers—companies the government hires to collect debt—for not doing enough to reach troubled borrowers to offer such payment options.[/FONT]
[FONT=&quot]“The servicers aren’t quite promoting them in the way they should be—I think some of it’s information failure,” said Rachel Goodman, a staff attorney at the American Civil Liberties Union.[/FONT]
[FONT=&quot]But the picture seems more complicated.[/FONT]
[FONT=&quot]Navient Corp., which services student loans and offers payment plans tied to income, says it attempts to reach each borrower on average 230 to 300 times—through letters, emails, calls and text messages—in the year leading up to his or her default. Ninety percent of those borrowers, which include federal borrowers as well as those who hold private loans, never respond and more than half never make a single payment before they default, the company says.[/FONT]
[FONT=&quot]The Obama administration—worried about taxpayer costs and the prospect of consumers damaging their credit by defaulting—has stepped up efforts to reach borrowers and offer the income-based repayment plans. In some cases, the government is garnishing wages and tax refunds of borrowers who refuse to pay.[/FONT]
[FONT=&quot]Education Department officials note that some defaulted loans are from prior decades and, unlike private lenders, the government is severely limited in its ability to write them off and remove them from the books. They also point out that the growth in defaults and delinquencies slowed last year, suggesting progress in the administration’s efforts to get borrowers current.[/FONT]
[FONT=&quot]But the officials acknowledge that a large pool of borrowers have essentially fallen off the radar. The Education Department has assembled a “behavioral sciences unit” to study the psychology of borrowers and why they don’t repay.[/FONT]
[FONT=&quot]“We obviously have not cracked that nut but we want to keep working on it,” said Ted Mitchell, the Education Department’s under secretary. He said many defaulted borrowers dropped out of school and are underemployed.[/FONT]
[FONT=&quot]Carlo Salerno, an economist who studies higher education and has consulted for the private student-lending industry, noted that the government imposes virtually no credit checks on borrowers, requires no cosigners and doesn’t screen people for their preparedness for college-level course work. “On what planet does a financing vehicle with those kinds of terms and those kinds of performance metrics make sense,” he said.[/FONT]
[FONT=&quot]Some borrowers aren’t repaying even when they can. Research from Navient shows that borrowers prioritize other bills—such as car loans, mortgages and heating bills—over student debt. A borrower who fails to pay down an auto loan might have her car repossessed; with student loans, there is no such threat.[/FONT]
[FONT=&quot]Kristopher Mathews, 38 years old, is in deferment on about $11,900 in federal student loans. During the recession he earned a certificate at a Michigan-based for-profit college that teaches media arts, but he wasn’t able to find the well-paying job in radio that he hoped for.[/FONT]
[FONT=&quot]Mr. Mathews now works as a logistical analyst for an auto company, making $46,000 a year. He says he devotes his income to caring for his family—he and his fiancée have three children—and paying off two credit cards and a car loan. “With all the other necessities in life I just don’t have” funds to pay student debt, he said.[/FONT]
[FONT=&quot]Once his deferment expires, he isn’t sure if he will feel obliged to pay down his loan. “They promised me everything,” he said of his for-profit college. “And I honestly have nothing to show for it except a piece of paper that doesn’t really do me any good.”[/FONT]
[FONT=&quot]Most borrowers who have defaulted owe relatively little—a median $8,900, according to the Education Department.[/FONT]
[FONT=&quot]The administration maintains that the student-loan program, as a whole, will generate a profit over the long term, but the risk is rising that its revenue won’t meet the administration’s projections.[/FONT]
[FONT=&quot]Even many borrowers who are current on their loans are paying very little. More than a third of borrowers on an income-based repayment plan had monthly payments of zero because their incomes were so low, according to a Navient survey last year.[/FONT]
[FONT=&quot]The Education Department, through private debt-collection agencies, garnished $176 million in Americans’ wages in the final three months of last year for student debt, federal data show.[/FONT]
[FONT=&quot]The administration’s pursuit of troubled borrowers is drawing criticism from student advocates and their allies in Congress. Last week, the American Civil Liberties Union and the National Consumer Law Center sued the Education Department, accusing it of blocking public access to data on the agency’s debt-collection efforts. The groups suggested that the companies collecting debt for the department might be discriminating against black and Hispanic borrowers.[/FONT]
[FONT=&quot]Dorie Nolt, a spokeswoman for Education Secretary John B. King Jr., said the agency is reviewing the groups’ public-information requests.[/FONT]
[FONT=&quot]“The singular goal of our student loan program is to help all students get a degree that sets them up for success, and we take the treatment of our borrowers—particularly historically underserved students—very seriously,” Ms. Nolt said in an email.[/FONT]