Student loan debt has become a prerequisite to earning a college degree for many students, but how much they have to take on varies from one school to the next. Even the state in which the school is located in can have a big impact on the amount of money a person needs to borrow. While California’s politicians have been pushing back on ballooning student debt in the nation, its schools still leave many students with large debt loans.
With that in mind LendEDU set out to see which schools in the Golden State leave students with the most debt. Although there are a lot of them in California, here’s a look at the top five and how they compare to the rest of the state and country.
Ranking as the college with the highest student loan debt in the state of California is National University, based in La Jolla, California. The average debt per borrower is $52,986 with 74 percent of students having some form of student debt. The non-profit private institution boasts 28 campuses and online courses and says its programs are geared not at just earning a degree, but earning one that can be used to actually get a job. With students staring at student loans averaging $52,986, let’s hope that is true.
Coming in second is Pacific Union College, where 75 percent of graduates take on student debt to finance their education, with the average holding $41,706. The private liberal arts college is based in Napa Valley, offering four year programs that emphasize “academic excellence, authentic spiritual experience, and service to local and worldwide communities.”
The school with the third highest student loan debt in California is Woodbury University. This school has two campuses, one in Los Angeles and the other in San Diego. Borrowers have an average of $40,626 in debt upon leaving, with 87 percent of graduates borrowing money to attend. The private, non-profit liberal arts school sells itself as being at the “epicenter of innovative creative transformation in Southern California.”
California College of Arts, another school focused on creativity, came in fourth in terms of student loan debt, with borrowers owing an average of $40,132. Unlike the other schools, less students borrow money at the California College of Arts, with only slightly more than half (51 percent) taking out student loans. This school is located in San Francisco and Oakland and is an art, design, architecture, and writing school that is focused on helping students to “shape culture and society.”
Rounding out the top five is the Southern California Institute of Architecture, with the average borrower graduating with $39,287 in debt. About 87 percent of students at this specialty school located in Los Angeles needed to borrow money.
Students attending these five schools owe anywhere from $52,000 to around $40,000 and are borrowing more than both the state and national averages. In California, the average borrower from the Class of 2015 had $22,724 in with 55 percent of graduates holding at least one loan. California ranked 47thoverall in terms of average student debt per borrower. Nationally, borrowers left college with $28,400 in debt in 2015.
Author: Dave Rathmanner
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