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Dire Wolf
Houston Astros Fan
bawcomville
Member since Sep 2008
20676 posts

Grambling graduates have highest average student-debt load in the USA
quote:

Grambling State University, a public HBCU located in rural Louisiana, is not known for much, but it does have this distinction: In 2015, GSU's graduates had the highest average student-loan debt of any university in the United States: $51,887!

On average, Grambling graduates leave school with more debt than Harvard or Yale graduates. In fact, Grambling students graduate with a higher debt load than people graduating from more than 1,000 other colleges.

How could this be? GSU's tuition is relatively modest; according to U.S New & World Report, Grambling's tuition is only about $7,000 for the 2016-2017 academic year. And its students get a lot of needs-based financial aid; 82 percent received some sort of needs-based financial assistance in a recent year at an average amount of $5,359. Indeed, according to a 2015 AAUP report, 73 percent of Grambling students received Pell grants, the highest rate among all Louisiana's four-year colleges and universities.

In my view, Grambling graduates' high debt load cannot be justified. Grambling is located in rural Louisiana where the cost of living is low. Tuition is relatively modest; and a high percentage of Grambling students receive needs-based student aid. How is it possible for Grambling graduates to rack up more than $50,000 in student-loan debt?
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TigerNlc
Tulane Fan
Chocolate City
Member since Jun 2006
19907 posts

re: Grambling graduates have highest average student-debt load in the USA
Color me shocked


rocket31
Toledo Fan
Member since Jan 2008
31075 posts

re: Grambling graduates have highest average student-debt load in the USA
Dey Rollin on dubs


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324
LigerFan
LSU Fan
Member since Jan 2014
1872 posts

re: Grambling graduates have highest average student-debt load in the USA
Setting the o/u at 2.5 bans


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592
YouAre8Up
USA Fan
in a house
Member since Mar 2011
6811 posts

re: Grambling graduates have highest average student-debt load in the USA
No way


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el Gaucho
Southern Fan
bawcomville
Member since Dec 2010
28400 posts

re: Grambling graduates have highest average student-debt load in the USA
Sounds like it's grambling with your education to go there


kingbob
LSU Fan
Sorrento, LA
Member since Nov 2010
37249 posts

re: Grambling graduates have highest average student-debt load in the USA
Because they:
A. use those loans to pay for everything but school
B. They never graduate on time, often taking 6-8 years to get a 4 year degree
C. They routinely rack up late fees and interest charges by not paying or paying the minimum every month
D. There's no jobs for them when they graduate so they can't pay down the principle.


CoachChappy
LSU Fan
Boudin Capitol of the World
Member since May 2013
12425 posts

re: Grambling graduates have highest average student-debt load in the USA
quote:

How is it possible for Grambling graduates to rack up more than $50,000 in student-loan debt?

Because they are taking out the max allowable and blowing it on bull shite. The gov't gon forgive them loans anyway right?
This post was edited on 7/11 at 12:36 pm


Breesus
New Orleans Saints Fan
House of the Rising Sun
Member since Jan 2010
54724 posts

re: Grambling graduates have highest average student-debt load in the USA
Louisiana needs a massive college system overhaul. There are atleast 6 colleges that need to be shutdown and another 6 that need to be absorbed.


Walking the Earth
Member since Feb 2013
13487 posts

re: Grambling graduates have highest average student-debt load in the USA
Nothing to worry about. Just tack on a little more debt to get a law degree and they're good to go.


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100
SuperSaint
New Orleans Pelicans Fan
Sorting Out OT BS Since '2007'
Member since Sep 2007
104061 posts

re: Grambling graduates have highest average student-debt load in the USA
We need someone with some balls in the legislature and governor's office and completely overhaul our states higher ed.

What a joke. Grambling needs to be the first to go and then SUNO merge with UNO or be completely eliminated. Won't ever happen though.


jefforize
Army Fan
Cyrodiil
Member since Feb 2008
31054 posts
 Online 

re: Grambling graduates have highest average student-debt load in the USA
holy shit


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eddieray
LSU Fan
Lafayette
Member since Mar 2006
9745 posts

re: Grambling graduates have highest average student-debt load in the USA


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80
upgrayedd
Lamar Fan
White-manning in metro BR
Member since Mar 2013
58879 posts

re: Grambling graduates have highest average student-debt load in the USA
The last paragraph is interesting....

quote:

Surely it is time to ponder whether the public investment in Grambling is paying off, not only for the people of Louisiana as a whole, but for Grambling's students. Or perhaps we don't care enough about the African American students who attend Grambling to ask some probing questions about why they leave school with so much student debt.


You know the author knows he's not allowed to opine as to why there is so much debt because of his biometrics.


chinhoyang
LSU Fan
Member since Jun 2011
11521 posts

re: Grambling graduates have highest average student-debt load in the USA
Absolutely, and Louisiana needs to provide more vocational education.


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80
Breesus
New Orleans Saints Fan
House of the Rising Sun
Member since Jan 2010
54724 posts

re: Grambling graduates have highest average student-debt load in the USA
quote:

Or perhaps we don't care enough about the African American students who attend Grambling to ask some probing questions about why they leave school with so much student debt.


Love that.

He knows. It you ever mentioned the possibility of shutting down Grambling you get attacked and called a racist. Doesnt matter how detrimental that school is to its students.


upgrayedd
Lamar Fan
White-manning in metro BR
Member since Mar 2013
58879 posts

re: Grambling graduates have highest average student-debt load in the USA
Sounds like Grambling is the payday loan business of the university world.


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290
beerJeep
LSU Fan
Louisiana
Member since Nov 2016
7731 posts

re: Grambling graduates have highest average student-debt load in the USA
I'd bet dollars to donuts they took out way more than they needed and spent it on shite they don't need. Hell, one of my buddies was a dumbass and got a 10k loan in the fall one year and it was gone halfway through the semester.

Kids be stupid.


Brazos
LSU Fan
Member since Oct 2013
6684 posts

re: Grambling graduates have highest average student-debt load in the USA
Student loan debt is so racist.


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130
Upperdecker
LSU Fan
BR
Member since Nov 2014
9593 posts

re: Grambling graduates have highest average student-debt load in the USA
A loan is free money right? Gotta pay for those new rims somehow


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