Connect with us

Hi, what are you looking for?

Buying Power

CT College Students Carry 5th Highest Debt

Connecticut college students have the 5th highest rate of debt with almost two-thirds having debt, which places them 15th in the nation.
According to the website, Connecticut by the Numbers, the top-five leading high-debt states were:

  • New Hampshire ($32,440),
  • Pennsylvania ($29,959),
  • Minnesota ($29, 793),
  • Rhode Island ($29,097) and,
  • Connecticut ($28,783).

The information comes from a recent report from the Project on Student Debt at The Institute for College Access & Success (TICAS). The loan burden of Connecticut college students, on average, exceeded the national average. Utah and Hawaii had the lowest and second lowest average debt at $17,250 and $17,450.
The story adds, “In looking at the institutions specifically, the only Connecticut higher education institution to reach the top 20 High-Student Debt Public Colleges was the University of New Haven. Among the top 20 “low-debt” institutions was Yale University.”
The report’s findings focus solely on public and private nonprofit four-year colleges, because so few for-profit colleges chose to report the necessary data. However, federal survey data show that nationwide, graduates of for-profit four-year colleges are much more likely to borrow federal and private student loans, and they borrow significantly more than their counterparts at other types of colleges.

You May Also Like