Wednesday 22 May 2013

money-grows-on-trees

college admissions officers: no reason to worry about debt


Apparently America’s college admissions directors think there’s no need to worry about education debt. Just get used to it, America. According to a new survey conducted by Inside Higher Ed:

A plurality of college admissions directors in a new survey by Inside Higher Ed indicated that current average loan volume for undergraduates is reasonable — and 22 percent of all admissions directors and 28 percent of those at private colleges would be comfortable with the average student debt being even higher than it is now.

About 42 percent admissions directors think $20,000 to $30,000 of student loan debt “reasonable.” Almost 20 percent think $30,000 to $40,000 is appropriate. Only two percent of admissions directors surveyed think it’s reasonable to expect no debt upon graduation.

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check out the the original article from WashingtonMonthly.com, written by Daniel Luzer

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