The Worst Private Schools For Student Debt

charlieschm
Tue, 08 Nov 2011 14:10:02 +0000

There was a previous list of high debt colleges posted on huffingtonpost. com that was completely inaccurate. They listed U. Penn as the worst college for debt, even though they meet 100% of need for undergrad US students. Apparently that list was skewed by mixing some undergrad and grad school/professional school debt. When you went back to the source of the data, some colleges had reported debt from their graduate/professional schools separately, while others had it combined into one total.

In many cases, the debt numbers that are publicized are under-stated. That is because they often only include loans taken out in the name of the student. They typically don’t include PLUS loans taken out by the parent, or home equity loans taken out by the parent. (Now, there are ads on TV that you can get car title loans by mortgaging your car.)