What does "average per student cumulative undergraduate indebtedness" mean?

Paying for College
1

<p>Take for example: The average per student cumulative undergraduate indebtedness for 2007 Stanford graduates receiving financial aid: $16,728</p>

<p>Does this mean the total amount of money on average that a stanford graduate owns by the end of their 4-year undergraduate program?</p>

<p>Does this value include income earned through working on campus or just through grants and/or scholarships?</p>

<p>This value doesn't include loans, right?</p>

<p>thanks.</p>

2

<p>First question: yes
Second question: if work/study deal, then yes
Third question: no. thats why you still owe...</p>

<p>Side note, wow thats a lot lower than I thought it would be at Stanford</p>

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<p>great. 10char</p>

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<p>This is the STUDENT indebtedness only. It does not include any indebtedness taken on by the parents to finance the EFC.</p>

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<p>Oh, so EFC is not included in this value even if the student has to take loans to cover the EFC, assuming the parents refuse to pay???</p>

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<p>It includes what ever the amount of the STUDENT loans are at the end of your undergraduate career. EFC has nothing to do with it, nor do scholarships or grants. It just means that the average student at Stanford ends up borrowing around $16000. If your parents refuse to pay and you have to cover the EFC yourself, they it is likely YOUR loans will end up being much higher than this. Remember, the number stated is an average. It includes students who don't take any loans as well as those who borrow much more.</p>

7

<p>The amount is within $50 of the Stafford loans given in 4 years from freshman to a senior. I would expect that amount will increase according to the increase allowable Stafford borrowing from 2008 and beyond. Most students at Stanford graduate in 4 years. </p>

<p>For a public college, we would expect an average student indebtness at graduation closer to $22650, which is the maximum allowed for a 5th year senior, upto year 2010. After 2010, the indebtedness will increase to the maximum Stafford value of $27,500. A very high proportion of public school students graduate in 5 years or longer.</p>

<p>The numbers are predictable and frightening.</p>

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<p>So, how much higher would the value be for a conscientious objector?</p>