There’s no question that a college education costs a lot of money. After all, it has resulted in the nation collectively owing more than $1.35 trillion in student loan debt. While lawmakers across the country are trying to figure out ways to lower the cost of a four-year degree, schools are still charging high amounts in tuition and fees. And it’s not flattening out by any means. According to the College Board for the 2016/2017 school year, the cost of a year at a public college increased 9% while that jumped 13% for private non-profit schools.
In the past, attending a state school would get you the most bang for your buck, but that is not the case anymore. The tuition cost between state and private schools have been blurring recently as some state schools are starting to leave students with private school size student debt. Now, it is entirely possible to become loaded with debt at a public school.
Take Grambling State University for starters. This public school located in Grambling, Louisiana leaves students with $51,887 in student debt, much higher than the national average and a lot more than other public schools in the state and nation. Coming in second is Penn State Hazelton which leaves students with average debt of $45,582.
That’s not the only Penn State school that costs students a lot of money. Penn State Worthington Scranton leaves its students with an average student debt of $42,128 while Penn State Harrisburg graduates have $40,639 on average in student debt. Penn State York College average student loan debt stands at $39,770 per student. Penn State Erie, The Behrend College graduates owe on average of $39, 346 in college debt, and Penn State Altoona leaves graduates owing on average $39,091.
Other public schools in the top ten that leave students with the most debt include Texas Southern University, where students owe an average of $41,500, Francis Marion University in Florence, South Carolina where students owe an average of $40,244 in loans, and Langston University in Langston, Oklahoma which has average student loan debt of $39,681.
Author: Andrew Rombach
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