How much student debt do colleges consider "reasonable"?
by Steven Davies on Sep 19, 2013 | Views: 214 | Score: 0
| Public | Private | |
|---|---|---|
| No debt at all | 2 | 2 |
| Under $5,000 | 2 | 1 |
| $5,000 to less than $10,000 | 11 | 3 |
| $10,000 to less than $20,000 | 36 | 18 |
| $20,000 to less than $30,000 | 33 | 48 |
| $30,000 to less than $40,000 | 12 | 18 |
| $40,000 to less than $50,000 | 3 | 6 |
| $50,000 and more | 1 | 2 |
Debt Level
% of college admission directors saying certain debt level is "reasonable"
Sources:
businessweek.com, insidehighered.com
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College admissions directors were asked how much debt they thought was "reasonable" for a student to accrue in four years. Over a third of public college directors said that between $10,000 and $20,000 of debt was okay, while almost half of private college directors stated that $20,000 to $30,000 of debt was a reasonable amount to expect for students.
Students should be discouraged from accumulating debt. Zero is the reasonable debt for a college graduate.