Which schools create the worst student debt?

You might be surprised

http://finance.yahoo.com/news/degree-drawn-red-ink-021000044.html?desktop_view_default=true

 

mmm. Schools don't create student debt. Students create student debt

Otherwise, majors noted.

 

pickypicky

 

Note: I posted a pretty thorough response in this thread and now it's gone. Any reason?

 

Wow.

I've never even heard of "The Creative Center."

It's only natural that NYU be on that list. I'm surprised GWU, Georgetown, and Harvard aren't also on the list.

 

Harvard has famously generous aid packages. If a family makes under $65,000 / year, for example, tuition, room and board are essentially free. Average student debt for a Harvard College graduate is only $4,400, with a default rate well under 1%. See Graduating with Debt | The Harvard Crimson for an excellent article from Harvard's student newspaper about rising cost and debt at both Harvard and in higher education generally.

 

Ouch, that is a lot of money for a degree with very little demand. I guess it goes back to the reason's people attend college.

 

No, they just have more rich NYers attend that can pay out-of-pocket.

 

New York is 16th in income. There's a lot of poor folks living "up state."

Top 10:

1 Maryland
2 Alaska
3 New Jersey
4 Connecticut
5 District of Columbia
5 Massachusetts
6 New Hampshire
7 Virginia
8 Hawaii
9 Delaware
10 California

The only truly "red" state up there is Alaska, but it is heavily and directly subsidized by the federal government. (Maryland, Virginia, and DC all benefit from being near the seat of government.)

The bottom 10:

41 Utah
42 Louisiana
43 Oklahoma
44 Alabama
45 New Mexico
46 Idaho
47 Kentucky
48 Arkansas
49 West Virginia
50 Mississippi

All red, with New Mexico kinda purple.

OT, certainly. But wow.

(The median for the US falls at the 20th spot, showing a skew towards the "haves," which are mostly blue. So the wealthy might tend to vote Republican, but the average and above-average wage-earners certainly do not! But at the lower end of the scale, all "red" again. You'd think those folks would consider voting for their interests.)

 

I wasn't referencing the state of NY as a whole, but if you visit GWU's campus you'll find that the vast majority of their students are from the NY/NJ, New England or are foreign and at least appear to come from some degree of affluence. I was just saying GWU isn't on the list b/c so many of their students pay out of pocket. A lot of the students attempt to transfer into Georgetown after their first year because it's less expensive and a better school.

 

I love all the interesting things that come out of the red state/blue state comparison. They are certainly fun.

 

True. I guess $50,000 (or whatever GWU costs) isn't that much for middle class NYC.

 

That's probably part of it too. I can't imagine being able to write a check for that amount. I wonder if $200,000+- for a BA is even worth it. Couldn't they get a better return on investment paying cash to a cheaper school then investing the cash?