Chance at merit scholarship?

otis
Sun, 27 Jul 2008 21:06:56 +0000

The $4,000 per year cap on loans is a nice spin but the reality is that most kids graduate from UR with debt greater than the spin would indicate.

US News indicates that the average total indebtedness of 2006 graduating class was $17,165.

Please note that the $17,165 debt per student has likely increased since the class of 2006 was exempt from the massive 26.9 percent increase for the total cost of attendance which commenced with the entering class of 2005 (being the class of 2009).

Because Richmond’s graduating class of 2006 graduated with a debt of $17k+ when the total cost of attendance was only $33,510+/- then I will be surprised if the average indebtedness for the members of the class of 2009 and thereafter that pay $50k+/- per year do not incur an average total indebtedness greater debt than the $4,000 cap would indicate. We will see in a few weeks when the US News numbers are released.



The above being stated UR is a great (albeit expensive) school.