|
|
Though they're a necessary part of the financial aid package for most students paying for a college education, student loans must be repaid! The amount of debt a student carries can have a substantial effect on careers and lifestyles after college. Responsible borrowing includes keeping debt to the necessary minimum and being aware of debt levels while attending school.
|
|
Shown below are the average loan indebtedness figures for student borrowers who were enrolled at Southern Illinois University Carbondale during the 2004-2005 academic year.
|
| |
Class |
|
Average Initial Debt When Loan(s) Enter Repayment |
| |
| |
Freshman |
|
$ 2,739 |
| |
Sophomore |
|
4,605 |
| |
Junior |
|
7,027 |
| |
Senior |
|
11,695 |
| |
Master's |
|
24,690 |
| |
Professional |
|
46,333 |
| |
Ph.D. |
|
35,927 |
|
|
The average debt for students graduating spring 2007 was $17,925.
|
|
