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Student Debt vs. Average Income

VT WA MEI NHI MA RI ст NJ MT ND OR MN ID wi NY SD WY MI CT PA NE IA NV OH IN MD UT IL DE CA CO ico VA DC KS KY NC Avg. Student Debt TN OK AK AZ NM AR $15,000 & under SC $15,000 - $20,000 $20,000 - $25,000O MS AL GA LS $25.000 TX Avg. Income by State $30,000 & under O $30,000 - $40,0000 $40,000 - $50,00o O $50,000 - $60,0o0 $60,000+O FL HI Kiplinger Student vs. Average Income Debt Best Values for Private and Public Colleges In Qut of School State State 2009 2009 Enroll ment Out gf- State Costa After Aid State SAT ACT Admir Spudent/ Yegr Taculty 6-Yage Grad Rate In-State Costs Aher Aid Total Out-of-Stane Costs SMet by Aid In-State on Rate Grad Rate Total Costa Debt at Grad Ratio 3 University of North Carolina at Chapel HIll NC 4 University of Florida 8 University of Virginia 14 University of Georgia 5 9 College of William and Mary 17,628 35,189 15.078 75/80 63/69 75/80 61/62 85/84 SAT or Admis Spudent/ Yegr $4.960 $6,486 $4,284 35N 71N 83N $21,858 100N $13.731 $11,888 $18,460 $30,629 $28,733 $38,760 $14,912 $14,988 s16,847 14 FL 535% 84.1% 48.2% 83.1N 42% 22 BIN s23.331 83% VA 35% 55% 34% 11 324.584 $24.230 $25.352 15 93.1N 78N 100% $7.018 ఆర్.27 4. GA VA 18 $14,458 25.335 5.792 $30,770 $38,236 75% 86% $14.420 90.7% $19.156 $15.602 In- State 2009 In State Costs After Aid Togal Out-of State Costs State Enrll - 6-Yegr Grad Rate In-Seape Total Costs Out-of State Costs After Aid SMet by Aid Avg Debt at Grad School ACT ion Rate Eaculty Batio Grad. Rate ment Cal. Institute of Technology, Pasadenn Yale, New Haven 17% 97%/100N 3 10N 97/97N 6 10N 97%/98N 25% 88%/92N 23N 92%/94N CA 913 82% 88% $45.777 $19.613 89% $18,679 18% $6,268 CT 88N $46,950 ON $15.676 $18,222 90% 846,950 $12,237 $5.592 5.311 95% Princeton, Princeton NJ 4.918 $46,895 95N 88N 3 94 146,895 NON Rice, Houston TX 3.051 78N 89% $42.036 $21.315 $34,858 29% $12,249 Duke, Durham 6.394 86% 92% $48,915 $22,410 85% Ass $23.754 7% $23.392 Source kiplinger.com Percentage of Grads w/ Debt Avg. Income Avg. Debt Avg. Income Avg. Debt Avg. Income Avg. Debt AK $31,266 $20.373 KY $31,826 $16,897 NY $31,826 $21.199 AR - 59% | ND - 80% $20,666 $19,489 $36,271 $22,049 $19,621 AL $33,643 $31,266 LS $22,151 он $35.511 $36,899 AZ - 58% NE - 67% AR MA $50,735 $20,220 OK $48,091 $35.956 $20,285 $23,626 AZ $32,953 $31,266 $25,628 MD $17.599 OR CA - 49% NH - 73% $18,687 $20,429 CA $35.381 ME MI $23.533 PA $40,265 Cô - 53% NJ. 67% CO $42,377 $35,299 $23,135 RI $41,008 $22,753 CT $56,248 $22,092 MN $42.772 క,499 SC $31,884 $20,112 NM - 57% CT - 58% DC $35.228 $64.991 $40,852 $39,070 $20,789 MO $19,129 SD $37.375 $23,437 NV - 48% DE $17,509 MS $29,569 $18,000 TN $34.330 $19.031 DC - 64% FL $20,666 MT $34,256 $19,691 TX $38,575 $19,024 NY - 63% GA $33.975 $17.375 NC $34.439 $17,254 $30,291 $42,876 DE - 54% UT $13.299 $40,490 $36,680 OH - 68% HI $15,199 ND $39.321 $21,899 VA $18,100 FL 54% IA $26,210 NE $37.730 $19.555 VT $38,880 $24.321 OK - 57% ID $42,830 $22,718 $18,569 NH $25.466 $21,787 $19,171 $16,957 $42,456 $37.314 $49.719 $32,133 WA $19,301 $20,788 GA - 50% OR - 67% IL $42.397 NJ $50,919 WI HI - 35% IN $34,103 $16,005 $21,530 $18,840 NM $32,091 WY PA - 71% KS $37.970 NV $40.353 $30,831 $19.867 IA 74% RI - 66% Source: State and sector datn from National Center foe Education Stariatice (PEDrall s00e Most Expensive Colleges ID - 68% It Doesn't End There - Debt For Grad Students SC - 62% IL- 58% Figures are total cost (tuition room and board) for the 2008-2009 school year Graduate Education Debt All Education Debt (Grad & Undergrad) SD- 81% IN 62% 1. Sarah Lawrence College Graduate & Professional Degree Programs $53,166 Percent Borrowing Cumulative Debt Percent Borrowing Cumulative Debt TN - 47% KS- 66% TX - 58% 2. George Washington University $50,312 Total 56.40% $40,207 69.60% $47.503 KY- 65% 69.40% $40,208 Master's Degree Doctoral Degree Professional Degree 55.20% 131,031 UT - 42% 3. New York University $50,182 45.80% $57,860 56.30% $58.967 LS- 59% VA - 59% $87.308 86.20% 87.90N 198.711 4. Georgetown University $49,689 PhD 35-40% $44.995 48.00N $45455 MA - 62% 5. Connecticut College 6. Bates College VT - 63% $49,385 EdD 66.10N $43.812 73-30% $44.880 ME - 68% Master of Business Administration (MBA) WA - 61% 55-50% $31.927 68.90% $41,076 $49,350 MI - 64% WI - 67% Master of Soelal Work (MS) 77.70% 7. Johns Hopkins University 72.30% 135.SI6 849,017 $49,278 wv - 71% Master of Science (MS) 130,684 63.SON 40.362 49.80% MO - 65% 8. Skidmore College $49,266 Master of Arts (MA) Law (LLB or JD) 60.80% $29.075 7370N $40.500 MS - 63% WY - 49% B8.60N $80,081 88.6ON s92.937 9. Seripps College $49,236 Medicine or Osteopathie Medicine Pharmacy (PharmD) 81.90N $119.424 83.20N $127.272 Stadent debt data from Petersona's Undergraduate Finan cial Database 07/o8 10. Middlebury College $49,210 82.20% $63.412 85.00N Source ompusgrotto.com Soutce Finaidorg (NPSAS 2007-o) College Debt Facts - In 2008, 84% of undergraduates had at least 1 credit card, up from 76% in 2004, the last time the study was conducted. The average number of cards had grown to 4.6, and half of college students had 4 or more cards. Source Sallie Mse - Undergraduates are carrying record high credit card balances. Last year, the average (mean) balance grew to $3,173, the highest since Sallie Mae began studying student debt figures. Median debt grew from 2004's s946 to $1,645. 21% of undergraduates had balances of between $3,000 and s7000, also up from the last study. Source Sallie Mae - The average outstanding balance on graduate student credit cards is $8,612, an increase of 10% from the 2003 average of $7,831. Soutoe. Nellie Mae - In 2007 - 2008, lenders provided about $17 billion in private loans, a 592% increase from a decade earlier. Source The College Board - Between the 2000 - 01 and 2006 - 07 school years, an estimated 60% of bachelor's degree recipients borrowed to fund their education. Average debt per borrower rose 18%, from $19,300 to $22,700 over this time period. Average debt per bachelor's degree recipient increased from $10,600 to $12,400. Source The College Board VT WA ME I MT ND NH|| OR MN MA RII ст NJ WI NY МА ID SD WY MI CT PA NE IA NV OH IN MD UT IL DE co Ico ww VA DC CA СА KS MO KY NC Avg. Student Debt TN lOK AK AZ NM AR SC $15,000 & under MS AL LS $15,000 - $20,000 0 $20,000 - $25,0000 $25,000.O GA TX Avg. Income by State $30,000 & underO $30,000 - $40,000O $40,000 - $50,000 O $50,000 - $60,000O $60,000.O FL HI Kiplinger Student vs. Average Income Debt Best Values for Private and Public Colleges In- Qut of Sehool S Met by. Aid State Enroll Admis Spudent/ Yegr faculty Ratio 6-Yegr SAT or ACT Qut of State Costs After Aid In-State State State sion Rate Grad. Rate Grad. Rate Total Costs In-State Costs After Aid Total Out-of-State Costs Debt at Grad. ment 2009 2009 3 University of North Carolina at Chapel Hill NC 17,628 35,189 15,078 $4.960 $6,486 $4,284 75/80 63/69 75/80 61/62 85/84 SAT or Admis Spudent/ Yegr 83N $30,629 $28,733 1 71% $21,858 $13.731 $11,888 $18,460 100% $14.912 $14.988 $16,847 35% 14 4 University of Florida 8 University of Virginia 2 4 FL 42% 22 81N 83% 53-5% 84.1% 48.2% $23.331 3 8 14 University of Georgia 5 9 College of William and Mary VA $38,760 $30,770 $38,236 $24.584 35% 55% 34% 11 15 93-1N 78% 100% GA VA 18 25.335 5.792 $14,458 $19,156 $7.918 $6,272 $24,230 $25.352 75% 86% 4 $14,420 83.1% 90.7% $15,602 Total In- State A 2009 In Supe Total Costs In State Costs After Aid State Enroll- ment 6-Yer Grad Rate Togal Out-of State Costs Out of State Costs After Aid SMet by Ald Avg Debt at Grad. School culty Ratio ACT Grad. Rate sion Rate Cal. Institute of Technology, Pasadena Yale, New Haven 17% 97%/100N 3 10% 97%/97% 6 10% 97%/98% 25% 88N/92% 23% 92%/94% CA CT 82% 88% $19,613 $15,676 1 913 $45.777 89% $18,679 18% $6,268 88% 846,950 $46,950 2 5.311 95% 90% ON $12,237 Princeton, Princeton NJ 4.918 8 89% 94% $46,895 $18,222 95% $46,895 $5.592 Rice, Houston TX 78% 89% $42,036 $34,858 $21,315 $22,410 3,051 88% 29% $12,249 Duke, Durham NC 6,394 8 86% 92% $48.915 85% $23.754 7% $23.392 Source kiplinger.com Percentage of Grads w/ Debt Avg. Income Avg. Debt Avg. Debt Avg. Income Avg. Debt Avg. Income AK $31,266 $20.373 KY $31,826 $16,897 NY $31,826 $21,199 AR - 59% | ND - 80% $20,666 $19,489 AL $36,271 $22,151 $33,643 $31,266 LS OH $35.511 $36,899 $22,049 AZ - 58% NE - 67% AR МА $50,735 $20,220 OK $19,621 $48,091 $35.381 AZ $25,628 $35.956 $20,285 $32,953 $31,266 $42,377 MD $17,599 OR CA - 49% NH - 73% CA $18,687 ME MI $23.533 PA $40,265 $23,626 CO - 53% NJ- 67% CO $20,429 $35,299 $23,135 RI $41,008 $22,753 CT $56,248 $22,092 MN $42,772 $24,499 SC $31,884 $20,112 ст 58% NM - 57% $35,228 $29.569 $34,256 DC $64,991 $40,852 $39,070 $20,789 MO $19,129 SD $37.375 $23,437 DC - 64% NV - 48% DE $17,509 MS $18,000 TN $34.330 $19,031 FL $20,666 MT $19,691 TX $38,575 $19,024 DE - 54% NY - 63% GA $33.975 $17.375 NC $34,439 $17,254 UT $30,291 $13,299 $39.321 $40,490 $36,680 ОН - 68% HI $15,199 ND $21,899 VA $42,876 $18,100 FL - 54% IA $26,210 NE $37.730 $19.555 VT $38,880 $24,321 OK - 57% $22,718 $18,569 GA - 50% ID NH $42,830 $25,466 $21,787 $42,456 $37.314 $49.719 $32,133 WA $19.301 OR - 67% IL $42,397 NJ $50,919 WI $20,788 HI - 35% IN $34,103 $19,171 $16,005 $21,530 $18,840 NM $32,091 WY PA - 71% IA - 74% KS $37.970 NV $40,353 $16,957 wV $30,831 $19,867 RI - 66% Source: State and sector data from National Center for Education Statistics (IPEDS). Fall 2006 Most Expensive Colleges ID - 68% It Doesn't End There - Debt For Grad Students SC - 62% IL - 58% Figures are total cost (tuition room and board) for the 2008-2009 school year Graduate Education Debt All Education Debt (Grad & Undergrad) SD - 81% IN - 62% 1. Sarah Lawrence College $53,166 Graduate & Professional Degree Programs Percent Borrowing Cumulative Debt Percent Borrowing Cumulative Debt TN - 47% KS - 66% TX - 58% 2. George Washington University $50,312 Total 56.40% $40,297 69.60% $47.503 KỸ - 65% 55.20% Master's Degree Doctoral Degree Professional Degree $31,031 69.40% $40,208 UT - 42% 3. New York University $50,182 45.80% $57.860 56.30% $58.967 LS - 59% 87.90N VA - 59% 4. Georgetown University $49,689 86.20% $87.308 $98,711 PhD 35-40% $44.995 48.00% $45-455 МА - 62% 5. Connecticut College 6. Bates College VT - 63% $49,385 EdD 65.10% $43.812 73-30% $44.880 ME - 68% Master of Business Administration (MBA) WA - 61% $49,350 55-50% $31.927 68.90% $41,676 MI - 64% WI - 67% 7. Johns Hopkins University Master of Social Work (MS) 72.30% $35.S16 77.70% $49,017 $49,278 Master of Science (MS) 49.80% $30,684 6350% $40,362 мо - 65% WV - 71% 8. Skidmore College $49,266 Master of Arts (MA) Law (LLB or JD) Medicine or 60.80% $29.075 7370% $40.500 MS - 63% WY - 49% 88.60% $80,081 88.60x s92,937 9. Seripps College $49,236 81.90% $119.424 83.20% $127,272 Osteopathie Medicine Student debt data from Petersons's Undergraduate Finan cial Database 07/08 10. Middlebury College $49,210 O Pharmacy (PharmD) 85.00% $81,838 82.20% $63.412 Source campusgrotto.com Source. Finaid.org (NPSAS 2007 - o6) College Debt Facts - In 2008, 84% of undergraduates had at least 1 credit card, up from 76% in 2004, the last time the study was conducted. The average number of cards had grown to 4.6, and half of college students had 4 or more cards. Source: Salle Mae - Undergraduates are carrying record high eredit card balances. Last year, the average (mean) balance grew to $3,173, the highest since Sallie Mae began studying student debt figures. Median debt grew from 2004's $946 to $1,645. 21% of undergraduates had balances of between $3,000 and $7000, also up from the last study. Source: Sallie Mae - The average outstanding balance on graduate student credit cards is $8,612, an increase of 10% from the 2003 average of $7,831. Source: Nellie Mae - In 2007 - 2008, lenders provided about $17 billion in private loans, a 592% increase from a decade earlier. Source: The College Board - Between the 2000 - 01 and 2006 - 07 school years, an estimated 60% of bachelor's degree recipients borrowed to fund their education. Average debt per borrower rose 18%, from $19,300 to $22,700 over this time period. Average debt per bachelor's degree recipient incereased from $10,600 to $12,400. Source: The College Board VT WA ME I MT ND NH|| OR MN MA RII ст NJ WI NY МА ID SD WY MI CT PA NE IA NV OH IN MD UT IL DE co Ico ww VA DC CA СА KS MO KY NC Avg. Student Debt TN lOK AK AZ NM AR SC $15,000 & under MS AL LS $15,000 - $20,000 0 $20,000 - $25,0000 $25,000.O GA TX Avg. Income by State $30,000 & underO $30,000 - $40,000O $40,000 - $50,000 O $50,000 - $60,000O $60,000.O FL HI Kiplinger Student vs. Average Income Debt Best Values for Private and Public Colleges In- Qut of Sehool S Met by. Aid State Enroll Admis Spudent/ Yegr faculty Ratio 6-Yegr SAT or ACT Qut of State Costs After Aid In-State State State sion Rate Grad. Rate Grad. Rate Total Costs In-State Costs After Aid Total Out-of-State Costs Debt at Grad. ment 2009 2009 3 University of North Carolina at Chapel Hill NC 17,628 35,189 15,078 $4.960 $6,486 $4,284 75/80 63/69 75/80 61/62 85/84 SAT or Admis Spudent/ Yegr 83N $30,629 $28,733 1 71% $21,858 $13.731 $11,888 $18,460 100% $14.912 $14.988 $16,847 35% 14 4 University of Florida 8 University of Virginia 2 4 FL 42% 22 81N 83% 53-5% 84.1% 48.2% $23.331 3 8 14 University of Georgia 5 9 College of William and Mary VA $38,760 $30,770 $38,236 $24.584 35% 55% 34% 11 15 93-1N 78% 100% GA VA 18 25.335 5.792 $14,458 $19,156 $7.918 $6,272 $24,230 $25.352 75% 86% 4 $14,420 83.1% 90.7% $15,602 Total In- State A 2009 In Supe Total Costs In State Costs After Aid State Enroll- ment 6-Yer Grad Rate Togal Out-of State Costs Out of State Costs After Aid SMet by Ald Avg Debt at Grad. School culty Ratio ACT Grad. Rate sion Rate Cal. Institute of Technology, Pasadena Yale, New Haven 17% 97%/100N 3 10% 97%/97% 6 10% 97%/98% 25% 88N/92% 23% 92%/94% CA CT 82% 88% $19,613 $15,676 1 913 $45.777 89% $18,679 18% $6,268 88% 846,950 $46,950 2 5.311 95% 90% ON $12,237 Princeton, Princeton NJ 4.918 8 89% 94% $46,895 $18,222 95% $46,895 $5.592 Rice, Houston TX 78% 89% $42,036 $34,858 $21,315 $22,410 3,051 88% 29% $12,249 Duke, Durham NC 6,394 8 86% 92% $48.915 85% $23.754 7% $23.392 Source kiplinger.com Percentage of Grads w/ Debt Avg. Income Avg. Debt Avg. Debt Avg. Income Avg. Debt Avg. Income AK $31,266 $20.373 KY $31,826 $16,897 NY $31,826 $21,199 AR - 59% | ND - 80% $20,666 $19,489 AL $36,271 $22,151 $33,643 $31,266 LS OH $35.511 $36,899 $22,049 AZ - 58% NE - 67% AR МА $50,735 $20,220 OK $19,621 $48,091 $35.381 AZ $25,628 $35.956 $20,285 $32,953 $31,266 $42,377 MD $17,599 OR CA - 49% NH - 73% CA $18,687 ME MI $23.533 PA $40,265 $23,626 CO - 53% NJ- 67% CO $20,429 $35,299 $23,135 RI $41,008 $22,753 CT $56,248 $22,092 MN $42,772 $24,499 SC $31,884 $20,112 ст 58% NM - 57% $35,228 $29.569 $34,256 DC $64,991 $40,852 $39,070 $20,789 MO $19,129 SD $37.375 $23,437 DC - 64% NV - 48% DE $17,509 MS $18,000 TN $34.330 $19,031 FL $20,666 MT $19,691 TX $38,575 $19,024 DE - 54% NY - 63% GA $33.975 $17.375 NC $34,439 $17,254 UT $30,291 $13,299 $39.321 $40,490 $36,680 ОН - 68% HI $15,199 ND $21,899 VA $42,876 $18,100 FL - 54% IA $26,210 NE $37.730 $19.555 VT $38,880 $24,321 OK - 57% $22,718 $18,569 GA - 50% ID NH $42,830 $25,466 $21,787 $42,456 $37.314 $49.719 $32,133 WA $19.301 OR - 67% IL $42,397 NJ $50,919 WI $20,788 HI - 35% IN $34,103 $19,171 $16,005 $21,530 $18,840 NM $32,091 WY PA - 71% IA - 74% KS $37.970 NV $40,353 $16,957 wV $30,831 $19,867 RI - 66% Source: State and sector data from National Center for Education Statistics (IPEDS). Fall 2006 Most Expensive Colleges ID - 68% It Doesn't End There - Debt For Grad Students SC - 62% IL - 58% Figures are total cost (tuition room and board) for the 2008-2009 school year Graduate Education Debt All Education Debt (Grad & Undergrad) SD - 81% IN - 62% 1. Sarah Lawrence College $53,166 Graduate & Professional Degree Programs Percent Borrowing Cumulative Debt Percent Borrowing Cumulative Debt TN - 47% KS - 66% TX - 58% 2. George Washington University $50,312 Total 56.40% $40,297 69.60% $47.503 KỸ - 65% 55.20% Master's Degree Doctoral Degree Professional Degree $31,031 69.40% $40,208 UT - 42% 3. New York University $50,182 45.80% $57.860 56.30% $58.967 LS - 59% 87.90N VA - 59% 4. Georgetown University $49,689 86.20% $87.308 $98,711 PhD 35-40% $44.995 48.00% $45-455 МА - 62% 5. Connecticut College 6. Bates College VT - 63% $49,385 EdD 65.10% $43.812 73-30% $44.880 ME - 68% Master of Business Administration (MBA) WA - 61% $49,350 55-50% $31.927 68.90% $41,676 MI - 64% WI - 67% 7. Johns Hopkins University Master of Social Work (MS) 72.30% $35.S16 77.70% $49,017 $49,278 Master of Science (MS) 49.80% $30,684 6350% $40,362 мо - 65% WV - 71% 8. Skidmore College $49,266 Master of Arts (MA) Law (LLB or JD) Medicine or 60.80% $29.075 7370% $40.500 MS - 63% WY - 49% 88.60% $80,081 88.60x s92,937 9. Seripps College $49,236 81.90% $119.424 83.20% $127,272 Osteopathie Medicine Student debt data from Petersons's Undergraduate Finan cial Database 07/08 10. Middlebury College $49,210 O Pharmacy (PharmD) 85.00% $81,838 82.20% $63.412 Source campusgrotto.com Source. Finaid.org (NPSAS 2007 - o6) College Debt Facts - In 2008, 84% of undergraduates had at least 1 credit card, up from 76% in 2004, the last time the study was conducted. The average number of cards had grown to 4.6, and half of college students had 4 or more cards. Source: Salle Mae - Undergraduates are carrying record high eredit card balances. Last year, the average (mean) balance grew to $3,173, the highest since Sallie Mae began studying student debt figures. Median debt grew from 2004's $946 to $1,645. 21% of undergraduates had balances of between $3,000 and $7000, also up from the last study. Source: Sallie Mae - The average outstanding balance on graduate student credit cards is $8,612, an increase of 10% from the 2003 average of $7,831. Source: Nellie Mae - In 2007 - 2008, lenders provided about $17 billion in private loans, a 592% increase from a decade earlier. Source: The College Board - Between the 2000 - 01 and 2006 - 07 school years, an estimated 60% of bachelor's degree recipients borrowed to fund their education. Average debt per borrower rose 18%, from $19,300 to $22,700 over this time period. Average debt per bachelor's degree recipient incereased from $10,600 to $12,400. Source: The College Board VT WA ME I MT ND NH|| OR MN MA RII ст NJ WI NY МА ID SD WY MI CT PA NE IA NV OH IN MD UT IL DE co Ico ww VA DC CA СА KS MO KY NC Avg. Student Debt TN lOK AK AZ NM AR SC $15,000 & under MS AL LS $15,000 - $20,000 0 $20,000 - $25,0000 $25,000.O GA TX Avg. Income by State $30,000 & underO $30,000 - $40,000O $40,000 - $50,000 O $50,000 - $60,000O $60,000.O FL HI Kiplinger Student vs. Average Income Debt Best Values for Private and Public Colleges In- Qut of Sehool S Met by. Aid State Enroll Admis Spudent/ Yegr faculty Ratio 6-Yegr SAT or ACT Qut of State Costs After Aid In-State State State sion Rate Grad. Rate Grad. Rate Total Costs In-State Costs After Aid Total Out-of-State Costs Debt at Grad. ment 2009 2009 3 University of North Carolina at Chapel Hill NC 17,628 35,189 15,078 $4.960 $6,486 $4,284 75/80 63/69 75/80 61/62 85/84 SAT or Admis Spudent/ Yegr 83N $30,629 $28,733 1 71% $21,858 $13.731 $11,888 $18,460 100% $14.912 $14.988 $16,847 35% 14 4 University of Florida 8 University of Virginia 2 4 FL 42% 22 81N 83% 53-5% 84.1% 48.2% $23.331 3 8 14 University of Georgia 5 9 College of William and Mary VA $38,760 $30,770 $38,236 $24.584 35% 55% 34% 11 15 93-1N 78% 100% GA VA 18 25.335 5.792 $14,458 $19,156 $7.918 $6,272 $24,230 $25.352 75% 86% 4 $14,420 83.1% 90.7% $15,602 Total In- State A 2009 In Supe Total Costs In State Costs After Aid State Enroll- ment 6-Yer Grad Rate Togal Out-of State Costs Out of State Costs After Aid SMet by Ald Avg Debt at Grad. School culty Ratio ACT Grad. Rate sion Rate Cal. Institute of Technology, Pasadena Yale, New Haven 17% 97%/100N 3 10% 97%/97% 6 10% 97%/98% 25% 88N/92% 23% 92%/94% CA CT 82% 88% $19,613 $15,676 1 913 $45.777 89% $18,679 18% $6,268 88% 846,950 $46,950 2 5.311 95% 90% ON $12,237 Princeton, Princeton NJ 4.918 8 89% 94% $46,895 $18,222 95% $46,895 $5.592 Rice, Houston TX 78% 89% $42,036 $34,858 $21,315 $22,410 3,051 88% 29% $12,249 Duke, Durham NC 6,394 8 86% 92% $48.915 85% $23.754 7% $23.392 Source kiplinger.com Percentage of Grads w/ Debt Avg. Income Avg. Debt Avg. Debt Avg. Income Avg. Debt Avg. Income AK $31,266 $20.373 KY $31,826 $16,897 NY $31,826 $21,199 AR - 59% | ND - 80% $20,666 $19,489 AL $36,271 $22,151 $33,643 $31,266 LS OH $35.511 $36,899 $22,049 AZ - 58% NE - 67% AR МА $50,735 $20,220 OK $19,621 $48,091 $35.381 AZ $25,628 $35.956 $20,285 $32,953 $31,266 $42,377 MD $17,599 OR CA - 49% NH - 73% CA $18,687 ME MI $23.533 PA $40,265 $23,626 CO - 53% NJ- 67% CO $20,429 $35,299 $23,135 RI $41,008 $22,753 CT $56,248 $22,092 MN $42,772 $24,499 SC $31,884 $20,112 ст 58% NM - 57% $35,228 $29.569 $34,256 DC $64,991 $40,852 $39,070 $20,789 MO $19,129 SD $37.375 $23,437 DC - 64% NV - 48% DE $17,509 MS $18,000 TN $34.330 $19,031 FL $20,666 MT $19,691 TX $38,575 $19,024 DE - 54% NY - 63% GA $33.975 $17.375 NC $34,439 $17,254 UT $30,291 $13,299 $39.321 $40,490 $36,680 ОН - 68% HI $15,199 ND $21,899 VA $42,876 $18,100 FL - 54% IA $26,210 NE $37.730 $19.555 VT $38,880 $24,321 OK - 57% $22,718 $18,569 GA - 50% ID NH $42,830 $25,466 $21,787 $42,456 $37.314 $49.719 $32,133 WA $19.301 OR - 67% IL $42,397 NJ $50,919 WI $20,788 HI - 35% IN $34,103 $19,171 $16,005 $21,530 $18,840 NM $32,091 WY PA - 71% IA - 74% KS $37.970 NV $40,353 $16,957 wV $30,831 $19,867 RI - 66% Source: State and sector data from National Center for Education Statistics (IPEDS). Fall 2006 Most Expensive Colleges ID - 68% It Doesn't End There - Debt For Grad Students SC - 62% IL - 58% Figures are total cost (tuition room and board) for the 2008-2009 school year Graduate Education Debt All Education Debt (Grad & Undergrad) SD - 81% IN - 62% 1. Sarah Lawrence College $53,166 Graduate & Professional Degree Programs Percent Borrowing Cumulative Debt Percent Borrowing Cumulative Debt TN - 47% KS - 66% TX - 58% 2. George Washington University $50,312 Total 56.40% $40,297 69.60% $47.503 KỸ - 65% 55.20% Master's Degree Doctoral Degree Professional Degree $31,031 69.40% $40,208 UT - 42% 3. New York University $50,182 45.80% $57.860 56.30% $58.967 LS - 59% 87.90N VA - 59% 4. Georgetown University $49,689 86.20% $87.308 $98,711 PhD 35-40% $44.995 48.00% $45-455 МА - 62% 5. Connecticut College 6. Bates College VT - 63% $49,385 EdD 65.10% $43.812 73-30% $44.880 ME - 68% Master of Business Administration (MBA) WA - 61% $49,350 55-50% $31.927 68.90% $41,676 MI - 64% WI - 67% 7. Johns Hopkins University Master of Social Work (MS) 72.30% $35.S16 77.70% $49,017 $49,278 Master of Science (MS) 49.80% $30,684 6350% $40,362 мо - 65% WV - 71% 8. Skidmore College $49,266 Master of Arts (MA) Law (LLB or JD) Medicine or 60.80% $29.075 7370% $40.500 MS - 63% WY - 49% 88.60% $80,081 88.60x s92,937 9. Seripps College $49,236 81.90% $119.424 83.20% $127,272 Osteopathie Medicine Student debt data from Petersons's Undergraduate Finan cial Database 07/08 10. Middlebury College $49,210 O Pharmacy (PharmD) 85.00% $81,838 82.20% $63.412 Source campusgrotto.com Source. Finaid.org (NPSAS 2007 - o6) College Debt Facts - In 2008, 84% of undergraduates had at least 1 credit card, up from 76% in 2004, the last time the study was conducted. The average number of cards had grown to 4.6, and half of college students had 4 or more cards. Source: Salle Mae - Undergraduates are carrying record high eredit card balances. Last year, the average (mean) balance grew to $3,173, the highest since Sallie Mae began studying student debt figures. Median debt grew from 2004's $946 to $1,645. 21% of undergraduates had balances of between $3,000 and $7000, also up from the last study. Source: Sallie Mae - The average outstanding balance on graduate student credit cards is $8,612, an increase of 10% from the 2003 average of $7,831. Source: Nellie Mae - In 2007 - 2008, lenders provided about $17 billion in private loans, a 592% increase from a decade earlier. Source: The College Board - Between the 2000 - 01 and 2006 - 07 school years, an estimated 60% of bachelor's degree recipients borrowed to fund their education. Average debt per borrower rose 18%, from $19,300 to $22,700 over this time period. Average debt per bachelor's degree recipient incereased from $10,600 to $12,400. Source: The College Board VT WA ME I MT ND NH|| OR MN MA RII ст NJ WI NY МА ID SD WY MI CT PA NE IA NV OH IN MD UT IL DE co Ico ww VA DC CA СА KS MO KY NC Avg. Student Debt TN lOK AK AZ NM AR SC $15,000 & under MS AL LS $15,000 - $20,000 0 $20,000 - $25,0000 $25,000.O GA TX Avg. Income by State $30,000 & underO $30,000 - $40,000O $40,000 - $50,000 O $50,000 - $60,000O $60,000.O FL HI Kiplinger Student vs. Average Income Debt Best Values for Private and Public Colleges In- Qut of Sehool S Met by. Aid State Enroll Admis Spudent/ Yegr faculty Ratio 6-Yegr SAT or ACT Qut of State Costs After Aid In-State State State sion Rate Grad. Rate Grad. Rate Total Costs In-State Costs After Aid Total Out-of-State Costs Debt at Grad. ment 2009 2009 3 University of North Carolina at Chapel Hill NC 17,628 35,189 15,078 $4.960 $6,486 $4,284 75/80 63/69 75/80 61/62 85/84 SAT or Admis Spudent/ Yegr 83N $30,629 $28,733 1 71% $21,858 $13.731 $11,888 $18,460 100% $14.912 $14.988 $16,847 35% 14 4 University of Florida 8 University of Virginia 2 4 FL 42% 22 81N 83% 53-5% 84.1% 48.2% $23.331 3 8 14 University of Georgia 5 9 College of William and Mary VA $38,760 $30,770 $38,236 $24.584 35% 55% 34% 11 15 93-1N 78% 100% GA VA 18 25.335 5.792 $14,458 $19,156 $7.918 $6,272 $24,230 $25.352 75% 86% 4 $14,420 83.1% 90.7% $15,602 Total In- State A 2009 In Supe Total Costs In State Costs After Aid State Enroll- ment 6-Yer Grad Rate Togal Out-of State Costs Out of State Costs After Aid SMet by Ald Avg Debt at Grad. School culty Ratio ACT Grad. Rate sion Rate Cal. Institute of Technology, Pasadena Yale, New Haven 17% 97%/100N 3 10% 97%/97% 6 10% 97%/98% 25% 88N/92% 23% 92%/94% CA CT 82% 88% $19,613 $15,676 1 913 $45.777 89% $18,679 18% $6,268 88% 846,950 $46,950 2 5.311 95% 90% ON $12,237 Princeton, Princeton NJ 4.918 8 89% 94% $46,895 $18,222 95% $46,895 $5.592 Rice, Houston TX 78% 89% $42,036 $34,858 $21,315 $22,410 3,051 88% 29% $12,249 Duke, Durham NC 6,394 8 86% 92% $48.915 85% $23.754 7% $23.392 Source kiplinger.com Percentage of Grads w/ Debt Avg. Income Avg. Debt Avg. Debt Avg. Income Avg. Debt Avg. Income AK $31,266 $20.373 KY $31,826 $16,897 NY $31,826 $21,199 AR - 59% | ND - 80% $20,666 $19,489 AL $36,271 $22,151 $33,643 $31,266 LS OH $35.511 $36,899 $22,049 AZ - 58% NE - 67% AR МА $50,735 $20,220 OK $19,621 $48,091 $35.381 AZ $25,628 $35.956 $20,285 $32,953 $31,266 $42,377 MD $17,599 OR CA - 49% NH - 73% CA $18,687 ME MI $23.533 PA $40,265 $23,626 CO - 53% NJ- 67% CO $20,429 $35,299 $23,135 RI $41,008 $22,753 CT $56,248 $22,092 MN $42,772 $24,499 SC $31,884 $20,112 ст 58% NM - 57% $35,228 $29.569 $34,256 DC $64,991 $40,852 $39,070 $20,789 MO $19,129 SD $37.375 $23,437 DC - 64% NV - 48% DE $17,509 MS $18,000 TN $34.330 $19,031 FL $20,666 MT $19,691 TX $38,575 $19,024 DE - 54% NY - 63% GA $33.975 $17.375 NC $34,439 $17,254 UT $30,291 $13,299 $39.321 $40,490 $36,680 ОН - 68% HI $15,199 ND $21,899 VA $42,876 $18,100 FL - 54% IA $26,210 NE $37.730 $19.555 VT $38,880 $24,321 OK - 57% $22,718 $18,569 GA - 50% ID NH $42,830 $25,466 $21,787 $42,456 $37.314 $49.719 $32,133 WA $19.301 OR - 67% IL $42,397 NJ $50,919 WI $20,788 HI - 35% IN $34,103 $19,171 $16,005 $21,530 $18,840 NM $32,091 WY PA - 71% IA - 74% KS $37.970 NV $40,353 $16,957 wV $30,831 $19,867 RI - 66% Source: State and sector data from National Center for Education Statistics (IPEDS). Fall 2006 Most Expensive Colleges ID - 68% It Doesn't End There - Debt For Grad Students SC - 62% IL - 58% Figures are total cost (tuition room and board) for the 2008-2009 school year Graduate Education Debt All Education Debt (Grad & Undergrad) SD - 81% IN - 62% 1. Sarah Lawrence College $53,166 Graduate & Professional Degree Programs Percent Borrowing Cumulative Debt Percent Borrowing Cumulative Debt TN - 47% KS - 66% TX - 58% 2. George Washington University $50,312 Total 56.40% $40,297 69.60% $47.503 KỸ - 65% 55.20% Master's Degree Doctoral Degree Professional Degree $31,031 69.40% $40,208 UT - 42% 3. New York University $50,182 45.80% $57.860 56.30% $58.967 LS - 59% 87.90N VA - 59% 4. Georgetown University $49,689 86.20% $87.308 $98,711 PhD 35-40% $44.995 48.00% $45-455 МА - 62% 5. Connecticut College 6. Bates College VT - 63% $49,385 EdD 65.10% $43.812 73-30% $44.880 ME - 68% Master of Business Administration (MBA) WA - 61% $49,350 55-50% $31.927 68.90% $41,676 MI - 64% WI - 67% 7. Johns Hopkins University Master of Social Work (MS) 72.30% $35.S16 77.70% $49,017 $49,278 Master of Science (MS) 49.80% $30,684 6350% $40,362 мо - 65% WV - 71% 8. Skidmore College $49,266 Master of Arts (MA) Law (LLB or JD) Medicine or 60.80% $29.075 7370% $40.500 MS - 63% WY - 49% 88.60% $80,081 88.60x s92,937 9. Seripps College $49,236 81.90% $119.424 83.20% $127,272 Osteopathie Medicine Student debt data from Petersons's Undergraduate Finan cial Database 07/08 10. Middlebury College $49,210 O Pharmacy (PharmD) 85.00% $81,838 82.20% $63.412 Source campusgrotto.com Source. Finaid.org (NPSAS 2007 - o6) College Debt Facts - In 2008, 84% of undergraduates had at least 1 credit card, up from 76% in 2004, the last time the study was conducted. The average number of cards had grown to 4.6, and half of college students had 4 or more cards. Source: Salle Mae - Undergraduates are carrying record high eredit card balances. Last year, the average (mean) balance grew to $3,173, the highest since Sallie Mae began studying student debt figures. Median debt grew from 2004's $946 to $1,645. 21% of undergraduates had balances of between $3,000 and $7000, also up from the last study. Source: Sallie Mae - The average outstanding balance on graduate student credit cards is $8,612, an increase of 10% from the 2003 average of $7,831. Source: Nellie Mae - In 2007 - 2008, lenders provided about $17 billion in private loans, a 592% increase from a decade earlier. Source: The College Board - Between the 2000 - 01 and 2006 - 07 school years, an estimated 60% of bachelor's degree recipients borrowed to fund their education. Average debt per borrower rose 18%, from $19,300 to $22,700 over this time period. Average debt per bachelor's degree recipient incereased from $10,600 to $12,400. Source: The College Board VT WA ME I MT ND NH|| OR MN MA RII ст NJ WI NY МА ID SD WY MI CT PA NE IA NV OH IN MD UT IL DE co Ico ww VA DC CA СА KS MO KY NC Avg. Student Debt TN lOK AK AZ NM AR SC $15,000 & under MS AL LS $15,000 - $20,000 0 $20,000 - $25,0000 $25,000.O GA TX Avg. Income by State $30,000 & underO $30,000 - $40,000O $40,000 - $50,000 O $50,000 - $60,000O $60,000.O FL HI Kiplinger Student vs. Average Income Debt Best Values for Private and Public Colleges In- Qut of Sehool S Met by. Aid State Enroll Admis Spudent/ Yegr faculty Ratio 6-Yegr SAT or ACT Qut of State Costs After Aid In-State State State sion Rate Grad. Rate Grad. Rate Total Costs In-State Costs After Aid Total Out-of-State Costs Debt at Grad. ment 2009 2009 3 University of North Carolina at Chapel Hill NC 17,628 35,189 15,078 $4.960 $6,486 $4,284 75/80 63/69 75/80 61/62 85/84 SAT or Admis Spudent/ Yegr 83N $30,629 $28,733 1 71% $21,858 $13.731 $11,888 $18,460 100% $14.912 $14.988 $16,847 35% 14 4 University of Florida 8 University of Virginia 2 4 FL 42% 22 81N 83% 53-5% 84.1% 48.2% $23.331 3 8 14 University of Georgia 5 9 College of William and Mary VA $38,760 $30,770 $38,236 $24.584 35% 55% 34% 11 15 93-1N 78% 100% GA VA 18 25.335 5.792 $14,458 $19,156 $7.918 $6,272 $24,230 $25.352 75% 86% 4 $14,420 83.1% 90.7% $15,602 Total In- State A 2009 In Supe Total Costs In State Costs After Aid State Enroll- ment 6-Yer Grad Rate Togal Out-of State Costs Out of State Costs After Aid SMet by Ald Avg Debt at Grad. School culty Ratio ACT Grad. Rate sion Rate Cal. Institute of Technology, Pasadena Yale, New Haven 17% 97%/100N 3 10% 97%/97% 6 10% 97%/98% 25% 88N/92% 23% 92%/94% CA CT 82% 88% $19,613 $15,676 1 913 $45.777 89% $18,679 18% $6,268 88% 846,950 $46,950 2 5.311 95% 90% ON $12,237 Princeton, Princeton NJ 4.918 8 89% 94% $46,895 $18,222 95% $46,895 $5.592 Rice, Houston TX 78% 89% $42,036 $34,858 $21,315 $22,410 3,051 88% 29% $12,249 Duke, Durham NC 6,394 8 86% 92% $48.915 85% $23.754 7% $23.392 Source kiplinger.com Percentage of Grads w/ Debt Avg. Income Avg. Debt Avg. Debt Avg. Income Avg. Debt Avg. Income AK $31,266 $20.373 KY $31,826 $16,897 NY $31,826 $21,199 AR - 59% | ND - 80% $20,666 $19,489 AL $36,271 $22,151 $33,643 $31,266 LS OH $35.511 $36,899 $22,049 AZ - 58% NE - 67% AR МА $50,735 $20,220 OK $19,621 $48,091 $35.381 AZ $25,628 $35.956 $20,285 $32,953 $31,266 $42,377 MD $17,599 OR CA - 49% NH - 73% CA $18,687 ME MI $23.533 PA $40,265 $23,626 CO - 53% NJ- 67% CO $20,429 $35,299 $23,135 RI $41,008 $22,753 CT $56,248 $22,092 MN $42,772 $24,499 SC $31,884 $20,112 ст 58% NM - 57% $35,228 $29.569 $34,256 DC $64,991 $40,852 $39,070 $20,789 MO $19,129 SD $37.375 $23,437 DC - 64% NV - 48% DE $17,509 MS $18,000 TN $34.330 $19,031 FL $20,666 MT $19,691 TX $38,575 $19,024 DE - 54% NY - 63% GA $33.975 $17.375 NC $34,439 $17,254 UT $30,291 $13,299 $39.321 $40,490 $36,680 ОН - 68% HI $15,199 ND $21,899 VA $42,876 $18,100 FL - 54% IA $26,210 NE $37.730 $19.555 VT $38,880 $24,321 OK - 57% $22,718 $18,569 GA - 50% ID NH $42,830 $25,466 $21,787 $42,456 $37.314 $49.719 $32,133 WA $19.301 OR - 67% IL $42,397 NJ $50,919 WI $20,788 HI - 35% IN $34,103 $19,171 $16,005 $21,530 $18,840 NM $32,091 WY PA - 71% IA - 74% KS $37.970 NV $40,353 $16,957 wV $30,831 $19,867 RI - 66% Source: State and sector data from National Center for Education Statistics (IPEDS). Fall 2006 Most Expensive Colleges ID - 68% It Doesn't End There - Debt For Grad Students SC - 62% IL - 58% Figures are total cost (tuition room and board) for the 2008-2009 school year Graduate Education Debt All Education Debt (Grad & Undergrad) SD - 81% IN - 62% 1. Sarah Lawrence College $53,166 Graduate & Professional Degree Programs Percent Borrowing Cumulative Debt Percent Borrowing Cumulative Debt TN - 47% KS - 66% TX - 58% 2. George Washington University $50,312 Total 56.40% $40,297 69.60% $47.503 KỸ - 65% 55.20% Master's Degree Doctoral Degree Professional Degree $31,031 69.40% $40,208 UT - 42% 3. New York University $50,182 45.80% $57.860 56.30% $58.967 LS - 59% 87.90N VA - 59% 4. Georgetown University $49,689 86.20% $87.308 $98,711 PhD 35-40% $44.995 48.00% $45-455 МА - 62% 5. Connecticut College 6. Bates College VT - 63% $49,385 EdD 65.10% $43.812 73-30% $44.880 ME - 68% Master of Business Administration (MBA) WA - 61% $49,350 55-50% $31.927 68.90% $41,676 MI - 64% WI - 67% 7. Johns Hopkins University Master of Social Work (MS) 72.30% $35.S16 77.70% $49,017 $49,278 Master of Science (MS) 49.80% $30,684 6350% $40,362 мо - 65% WV - 71% 8. Skidmore College $49,266 Master of Arts (MA) Law (LLB or JD) Medicine or 60.80% $29.075 7370% $40.500 MS - 63% WY - 49% 88.60% $80,081 88.60x s92,937 9. Seripps College $49,236 81.90% $119.424 83.20% $127,272 Osteopathie Medicine Student debt data from Petersons's Undergraduate Finan cial Database 07/08 10. Middlebury College $49,210 O Pharmacy (PharmD) 85.00% $81,838 82.20% $63.412 Source campusgrotto.com Source. Finaid.org (NPSAS 2007 - o6) College Debt Facts - In 2008, 84% of undergraduates had at least 1 credit card, up from 76% in 2004, the last time the study was conducted. The average number of cards had grown to 4.6, and half of college students had 4 or more cards. Source: Salle Mae - Undergraduates are carrying record high eredit card balances. Last year, the average (mean) balance grew to $3,173, the highest since Sallie Mae began studying student debt figures. Median debt grew from 2004's $946 to $1,645. 21% of undergraduates had balances of between $3,000 and $7000, also up from the last study. Source: Sallie Mae - The average outstanding balance on graduate student credit cards is $8,612, an increase of 10% from the 2003 average of $7,831. Source: Nellie Mae - In 2007 - 2008, lenders provided about $17 billion in private loans, a 592% increase from a decade earlier. Source: The College Board - Between the 2000 - 01 and 2006 - 07 school years, an estimated 60% of bachelor's degree recipients borrowed to fund their education. Average debt per borrower rose 18%, from $19,300 to $22,700 over this time period. Average debt per bachelor's degree recipient incereased from $10,600 to $12,400. Source: The College Board

Student Debt vs. Average Income

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Going to college is a rite of passage for millions of teenagers every year. Higher education is very important but the costs can add up quickly. This infographic looks at student debts in comparison t...

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Kiplinger

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Unknown. Add a source

Category

Economy
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