02-07-2018, 10:29 AM
From the press release: "Other gifts provided support for student financial aid. In June 2017, 82 percent of undergraduate students graduated with zero student loan debt. Of the remaining students who did take out loans, the median amount of debt was $13,000 less than half the national average. "
It misleads me into believing that 82% of all student educations are paid for by financial aid gifts, or that students have small student loans, when in point of fact, middle class parents borrow an inordinate amount of money to pay for these educations.
The other reason it's misleading is that while the students may not graduate with debt, their parents certainly do.
[/quote]
[/quote]
It misleads me into believing that 82% of all student educations are paid for by financial aid gifts, or that students have small student loans, when in point of fact, middle class parents borrow an inordinate amount of money to pay for these educations.
(02-07-2018, 12:46 AM)g1313 link Wrote:What is it misleading you into believing?
[quote author=Mick link=topic=18685.msg223304#msg223304 date=1517968991]
[quote author=JustAnotherFan link=topic=18685.msg223234#msg223234 date=1517935883]
Isn't that 82% number pretty misleading? Many of them are from affluent families who covered the full cost of attendance, as opposed to benefiting from a financial aid system that is one of the most generous in the nation to those of lesser means.
The other reason it's misleading is that while the students may not graduate with debt, their parents certainly do.
[/quote]
[/quote]
Audaces fortuna iuvat
