ERAU ranks high again
Embry-Riddle gets the No. one spot for student debt
Fossum, Nicole
Issue date: 9/18/07 Section: Campus News
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Embry-Riddle has long held the reputation as the "Harvard of the Skies" as the premier Aviation centered university. However the graduates have also acquired the distinction of owing the most in student loans after graduation.
According to the US News Week, Embry-Riddle ranked No. 1 for the average amount of student dept among graduates. NewsWeek's website states 74 percent of Embry-Riddle students graduate with the aver age money owed equaling $52,545. The next highest school on the list is Alaska Pacific University with an average student debt of $42,125, nearly $10,000 less. It should be considered that this statistic only includes federal, state and local government loans as well as loans through the school taken only in the students name, and does not including any finances in any parent/guardians' names.
Everyone is familiar with the location of the Financial Aid Office on campus. The first week of school, the line stretched outside the office as students filled in with questions regarding the payment of tuition. Despite the scholarships provided by the school and various outside sources, it remains curious that while our student debt is the highest, we are not the most expensive unversity to attend. According to Embry-Riddle's website, students can expect to pay $26,496 in tuition alone. George Washington University in D.C. ranks as the school with the highest tuition of $37,820 and is not listed as a school with high student debt on US News Week's list. Students that attend St. Joseph's University in Pennsylvania (second highest student debt after graduation with average loans of $35,117) have tuition just higher than Embry- Riddle's $30,050. This raises the question of how a school that costs nearly $4,000 more to attend has substantially less debt for its alumni.
While most of our university's graduates do have job offers after graduation, it can be daunting to be faced with such a large bill presented a mere few months after receiving the treasured diploma. The student's response to financial aid is to keep scholarships coming to those who need them.
According to the US News Week, Embry-Riddle ranked No. 1 for the average amount of student dept among graduates. NewsWeek's website states 74 percent of Embry-Riddle students graduate with the aver age money owed equaling $52,545. The next highest school on the list is Alaska Pacific University with an average student debt of $42,125, nearly $10,000 less. It should be considered that this statistic only includes federal, state and local government loans as well as loans through the school taken only in the students name, and does not including any finances in any parent/guardians' names.
Everyone is familiar with the location of the Financial Aid Office on campus. The first week of school, the line stretched outside the office as students filled in with questions regarding the payment of tuition. Despite the scholarships provided by the school and various outside sources, it remains curious that while our student debt is the highest, we are not the most expensive unversity to attend. According to Embry-Riddle's website, students can expect to pay $26,496 in tuition alone. George Washington University in D.C. ranks as the school with the highest tuition of $37,820 and is not listed as a school with high student debt on US News Week's list. Students that attend St. Joseph's University in Pennsylvania (second highest student debt after graduation with average loans of $35,117) have tuition just higher than Embry- Riddle's $30,050. This raises the question of how a school that costs nearly $4,000 more to attend has substantially less debt for its alumni.
While most of our university's graduates do have job offers after graduation, it can be daunting to be faced with such a large bill presented a mere few months after receiving the treasured diploma. The student's response to financial aid is to keep scholarships coming to those who need them.
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