Iowa Student Loan Detail
Last week the Project on Student Debt released “Student Debt and the Class of 2007.” My home state, Iowa, moved up one to claim the top spot. It was no small coincidence that over the weekend Iowa’s Attorney General released his own report documenting the Iowa Student Loan Corporation’s misleading advertising and improper practices.
This is a real problem in a state where students at each of the state’s three public four-year postsecondary institutions all face debt loads above the national average. At the University of Iowa (my alma mater), 61% of students graduate with an average debt load of $22,181. The University of Northern Iowa averages about the same debt load but has a higher percentage of students borrowing. At Iowa State University, the state’s land-grant college, graduates average $31,501 in debt. Both Iowa and Iowa State have higher graduate debt burdens that any of their peers.There’s no particular reason why Iowa should have this problem. Its economy has not been hit particularly hard. Its universities are not particularly expensive (the sticker price, that is). And its taxpayers are not particularly frugal.
Last week the Project on Student Debt released “Student Debt and the Class of 2007.” My home state, Iowa, moved up one to claim the top spot. It was no small coincidence that over the weekend Iowa’s Attorney General released his own report documenting the Iowa Student Loan Corporation’s misleading advertising and improper practices.
This is a real problem in a state where students at each of the state’s three public four-year postsecondary institutions all face debt loads above the national average. At the University of Iowa (my alma mater), 61% of students graduate with an average debt load of $22,181. The University of Northern Iowa averages about the same debt load but has a higher percentage of students borrowing. At Iowa State University, the state’s land-grant college, graduates average $31,501 in debt. Both Iowa and Iowa State have higher graduate debt burdens that any of their peers.There’s no particular reason why Iowa should have this problem. Its economy has not been hit particularly hard. Its universities are not particularly expensive (the sticker price, that is). And its taxpayers are not particularly frugal.
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
Iowa Student Loan
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