The average Virginia college graduate leaves school with $24,717 in debt, according to a new report by the Institute for College Access and Success.
Virginia students had the 23rd highest debt levels in the country, according to the report. Students in the Northeast and Midwest tended to have most, and schools in the South and West were on the low end.
About 59 percent of Virginia students leave college owing at least some money.
Students from Ferrum College, a private liberal arts school near Roanoke, graduated with $9,313 in debt the least in the state. Alumni of Hampton University had the most, with $36,917.
New Hampshire students topped the list with an average debt of $32,440, and Utah rounded out the bottom with $17,227.
The institute, a nonprofit group that researches ways to make college more affordable, analyzed data from four-year public and private institutions that offer bachelor’s degrees. The numbers are for the class of 2011.
For a full list of Virginia colleges, click here.
My daughter is the third generation of my family to attend VCU as a commuter student. When she was a sophomore in high school she announced she wanted to be a drama major. As a parent I should have let the moment pass, but instead I told her something to the effect that I was not paying for four years of school so she could become a professional waitress. I was correct, but it was far from my best moment as a parent! She did graduate from VCU with little debt and no drama degree however. My hope is she… Read more »
Having sent two kids through Virginia universities with no student loans, I would like to think that I only spent $25K per child.
To Terri: I would like to know how you spent only 25K per child for 4 yrs. of college….I assume this is because they did not live on campus…one child of mine attended VA Tech, had to take summer classes @ VCU to finish in 4 yrs…and we spent approx. $60K for those 4 yrs. (all expenses incl.). The next child went to Christopher Newport U. for 5 yrs…getting a Master’s English degree for teaching…spent approx. $90K (all expenses incl.). This was all out of pocket. #3 is still in school, w/ 2 yrs. to go. His expenses will be… Read more »
R. Sweeney, Chris Terrell and Terri – My one sone alone spent 98K at VT for a Marketing Degree and to this day is having rough time paying for it with no job in his field. So anyone that gets through a 4 year college in VA with school loans 25K and less I think are hard to find.