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Sure, but most students at the University of Alabama don't go through entirely on loans. Only 42% of them take out loans. Median federal loan debt at graduation
by tzs 2y ago
Sure, but most students at the University of Alabama don't go through entirely on loans. Only 42% of them take out loans. Median federal loan debt at graduation for them is $23k. 8% also take out private loans. The people with private loans have a median debt of $59k.
- _heimdall 2y agoThat wasn't actually my point though. My original comment was specifically calling out the cost to go to college entirely on loans, not what the average student ends up borrowing. To me its less interesting to look at what the average person who is able to afford college today borrows to pay for it. That's a self-selected population and doesn't show what the impact would be on anyone who gets into college but doesn't have family money, scholarships, or grants to help pay for it.