Student loans, student debt and even education after high
school has become a scornful jumble of words that can make any high school
student twitch ever so slightly. Student debt has risen to national concern for
some while now but with recent compressions and findings people are just
realizing how unfair the prices vary from location to location or even at the
same institute. Students from the east and Midwest are borrowing far more that
those in the west and south, you would think that from receiving many similar
teachings no matter the school there would be no change in cost, it would be
understandable I it was a sort of change in supply in what is being offered and
taught. Now this varying price sticker from school to school although can be
high is not by any means the college’s fault in of in itself but rather the
lack of knowledge presents to people about how to finance an education and how
much it varies from school to school.
The Institute for College Access and Success estimated that
of the students who earned bachelor’s degrees in the United States in 2011-12,
71 percent had student loans and the average borrower had $29,400 in debt compared
with 68 percent and $23,450 four years earlier. Of course the state is making
money off of the high end state run schools and benefited from those by another
title but has the change in cost really amplified to the degree where the costs
of debts need to skyrocket to that altitude of impossibility and stress for
students. When we are presented with colleges
that have upwards to 80 or 90 percent of their students with a student debt,
one of the highest for two colleges Anna Maria College and Wheelock College,
both private and in Massachusetts also a part of a college cost survey, being
$49,000 is just baffling to me.
State-wise, graduates of colleges in Arizona, California,
Louisiana, Nevada, Utah and Wyoming were among the least likely to have student
debt, and those who did borrowed relatively little so it’s good to know where I
can pack my bags and head off to an after high school education experience
without being overwhelmed by debts and loans. When you are presented with different
costs in comparison to one another such as in New Mexico with the lowest average debt per
borrower being $18,000 and places like New Hampshire , Pennsylvania, Rhode
Island, Maine, Minnesota and Ohio having their highest debt loans around
$34,000 it’s no wonder why students might be moving out of state to schools
they can afford in turn affecting the in state economic stability, social
security and Medicare stability by not attending their state based schools.