The Wall Street Journal's Melissa Korn reported on a new analysis of student debt from the Institute for College Access and Success:
In addition to state-level differences, debt loads and the prevalence of student loans vary widely by school. Nearly 200 institutions that reported usable data had graduates with average debt of more than $35,000, and 26 schools reported that at least nine in 10 graduates had loans. Ninety-four percent of 2016 graduates from Cabrini University in Pennsylvania had loans, with average borrowing of $43,437. Nearly one-third of borrowers had private loans. Meanwhile at Bryn Mawr College, 4 miles away, 52 percent of 2016 graduates had debt, averaging $23,081. One percent had private loans. A Bryn Mawr spokesman said the school has made access for students across the socioeconomic spectrum a priority. “We meet the full demonstrated financial need of all our students, so fewer of them borrow, and those that do, borrow less,” he said.
Subscribers to The Wall Street Journal can read the full article online.
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