The #1 College for College Graduate Debt is Eastern Nazarene College out of Massachusetts, and the #2 College for College Graduate Debt is Ohio Northern University.
After finding my previous post about 10 Schools with the least graduate debt in 2010, USNews.com released another article about colleges that have the highest amount of student debt in 2010 after graduating. I’m appalled. I think it is great how they rate a college based on debt and what percentage of students graduate with debt. The highest 10 average’s range from almost $45,000 to over $51,000, this isn’t medical school debt or college law school debt, this is only the top 10 schools for undergraduate debt that made their list! They had only 1,028 schools submit data to get this rankings.
Table and research provided by USNews.com, all rights and reserves belong to them. I did not create or do research for this table.
This, right here, is what is wrong with the post secondary education experience. How can the average for a school be this high? Do these schools guarantee that your average starting salary for a college graduate is going to be $60,000? Probably not. Don’t you think that if you are going to take on that much student debt you should know what the average pay for college graduates is?
I personally do feel like a college education is valuable and worth money, but at some point colleges and universities need to take some initiative to aid students in reducing debt or ways to reduce debt. If schools can give students a plan on how to reduce the debt and it works, then when those students graduate, word-of-mouth will get around and let prospective students know that there is some effort being made.
If this Top 10 list doesn’t wake up colleges and universities in the states, I don’t know what will. I’m hoping that the schools on this list will take offense and try to make an effort towards creating college graduates that are ready for the real world and don’t have to suffer through years of being underwater in loans.