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Grambling graduates have highest average student-debt load in the USA
Posted on 7/11/17 at 11:48 am
Posted on 7/11/17 at 11:48 am
quote:LINK
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?
31
Posted on 7/11/17 at 11:49 am to Dire Wolf
Color me shocked
Posted on 7/11/17 at 11:49 am to Dire Wolf
Dey Rollin on dubs
Posted on 7/11/17 at 11:49 am to Dire Wolf
Setting the o/u at 2.5 bans
Posted on 7/11/17 at 11:49 am to Dire Wolf
No way
Posted on 7/11/17 at 11:50 am to Dire Wolf
Sounds like it's grambling with your education to go there
Posted on 7/11/17 at 11:50 am to Dire Wolf
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.
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.
Posted on 7/11/17 at 11:51 am to Dire Wolf
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 bullshite. The gov't gon forgive them loans anyway right?
This post was edited on 7/11/17 at 12:36 pm
Posted on 7/11/17 at 11:51 am to Dire Wolf
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.
Posted on 7/11/17 at 11:51 am to Dire Wolf
Nothing to worry about. Just tack on a little more debt to get a law degree and they're good to go.
Posted on 7/11/17 at 11:52 am to Dire Wolf
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.
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.
Posted on 7/11/17 at 11:52 am to Dire Wolf
holy shitePosted on 7/11/17 at 11:52 am to Dire Wolf
Posted on 7/11/17 at 11:53 am to Dire Wolf
The last paragraph is interesting....
You know the author knows he's not allowed to opine as to why there is so much debt because of his biometrics.
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.
Posted on 7/11/17 at 11:55 am to Breesus
Absolutely, and Louisiana needs to provide more vocational education.
Posted on 7/11/17 at 11:55 am to upgrayedd
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.
Posted on 7/11/17 at 11:57 am to Breesus
Sounds like Grambling is the payday loan business of the university world.
Posted on 7/11/17 at 11:57 am to Dire Wolf
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.
Kids be stupid.
Posted on 7/11/17 at 11:57 am to CoachChappy
Student loan debt is so racist.
Posted on 7/11/17 at 11:57 am to kingbob
A loan is free money right? Gotta pay for those new rims somehow
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