The Worst Private Schools For Student Debt

<p>Agree with coureur. I am unfamiliar with many, if not most of the school ont hat list. One could probably add most of the “for profit” schools as well.</p>

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<p>What is the significance of being a minority-predominant public university? Plenty of respectable universities are minority-predominant.</p>

<p>There was a previous list of high debt colleges posted on huffingtonpost. com that was completely inaccurate. They listed U. Penn as the worst college for debt, even though they meet 100% of need for undergrad US students. Apparently that list was skewed by mixing some undergrad and grad school/professional school debt. When you went back to the source of the data, some colleges had reported debt from their graduate/professional schools separately, while others had it combined into one total. </p>

<p>In many cases, the debt numbers that are publicized are under-stated. That is because they often only include loans taken out in the name of the student. They typically don’t include PLUS loans taken out by the parent, or home equity loans taken out by the parent. (Now, there are ads on TV that you can get car title loans by mortgaging your car.)</p>

<p>Anyone else find it ironic how incredibly ordinary and boring the building for the College of Creative Studies was?</p>

<p>I’m a current student at CCS and thought I’d comment. That building that is featured is actually the old General Motors building that was donated to the school as a second campus. It is an extremely historic building where many things were invented. </p>

<p>Not all students I know here have debt and many students will graduate here with very well paying jobs. Some will not and will graduate in fine arts and work a job to pay off loans and a job they enjoy. I’ve heard both stories but I have not heard of students getting a job after graduation in my major and most design majors.</p>

<p>stupid catholic schools eat up all our cash. we should make them illegal</p>

<p>^ dasdui: that seems like a dumb comment. Students have a choice to give schools their money by signing up. They must think it is a fair deal - nobody is forcing them into a purchase.</p>

<p>An earlier article I read had the school with students graduating with the most debt as my alma mater, the University of North Dakota. I was there recently for homecoming and asked why students’ debt was so high and was told that it’s because the most popular major is aviation. All those hours flying really add up.</p>

<p>UND’s common data set lists the following for majors:</p>

<p>Business/marketing 16%
Transportation and materials moving 14%
Health professions and related programs 12%
Engineering 8%
Education 7%</p>

<p>Presumably, aviation is under transportation and materials moving.</p>

<p>Yep, there really is a D’Youville. My mom is a tutor there. It is a private Catholic college in Buffalo, NY. Funny thing about D’Youville, they attract all kinds of students for their nursing program and promise tons of financial aid. Clearly, not as much as the students actually need.</p>

<p>While I won’t defend the data-gathering practices of this article, I do think you guys are collectively missing the most interesting point this article has to make. Lower sticker-price doesn’t mean less debt! It means less financial aid, and, often, more debt!</p>

<p>I don’t get how they get away with telling you that a student loan is part of a Financial Aid package. I want to know where my kids can get free money. That isn’t the same as a loan. You have to pay back a loan. I want Aid as in Scholarships and Grants. Maybe work study if it is in the department and will land on the kid’s resume. Don’t tell me that such and such a college meets all need when the kid has to pay it back later. That is not the school meeting need. That is the student borrowing against his future. I agree with fiddlefrog, I think, don’t let them use student loans as a marketing tool. Keep in mind they have something to sell and they will charge just as much as they can get away with. Just like the Buy in on TV people can hide the real cost in the shipping and handling fees. Colleges hide their cost in student loans. And this study doesn’t even deal with parent loans. Or parents dipping into their equity or retirements.</p>

<p>What they count/don’t count seems to invalidate the whole point of the article. Certainly isn’t a study I would use to help decide which college to attend.</p>

<p>Is Rose-Hulman Institute of Technology really bad if you’re OOS and need a lot of need based aid?</p>

<p>It is a private school, so it doesn’t matter if you are OOS. The FA at Rose Hulman is very hit-or-miss and is not terribly generous in most cases.
OTOH, it has amazing career placement, so it is very unlikely that you will be working in a Starbucks waiting for a job after graduation.</p>

<p>So should I even bother applying if I need a lot of need-based aid? I already submitted the application, transcript, and other things, but I still have yet to pay for a community college transcript to be sent.</p>

<p>I’ve actually seen lots of stories (separately) about NYU students who incur debt. Even though debt is a choice, there are some schools who leave you no other options. At that point, walk away, and transfer to a better school.</p>