Transparency Note: This article was updated with the answer of the Jr. Jr., the younger of the President of Alabama, President of Alabama.
According to the latest report on the News & World report, Alabama State University has completed the largest average debt burden among national universities. This conclusion emphasizes the constant challenges that many students face to fund their education.
The report, which analyzes the loans belonging to the US Department of Education, found that Alabama State University 2020 and 2021. Graduates borrowed more than their peers in other schools.
Here’s how many students of the University of Alabama State University study on average after graduation.
How many debts are the average of Alabama State University students?
A typical student at the University of Alabama, who is taking federal loan graduates with $ 31,000 debt, is the largest inner part of all national universities included in US news and world reports rating. This number reflects only federal loans from students who completed their degrees 2020 and 2021.
In addition to high debt graduation, a large proportion of students are borrowing from the beginning. According to the data, 74% of the first year of Alabama, a full -time student, withdrew federal loans during the 2020-2021 school year.
National universities where students finish the most debt
The report does not exclude only one institution. Several universities have shown a similar or slightly lower debt level among graduates. Below are the top 10 national universities with the biggest student debt:
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Colorado Technical University
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South University and A & M College
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Texas South University
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American International College
About the University of Alabama State
Alabama State University is a public historically Black University in Montgomery, Ala.
State science is around $ 11,000 a year, and non -state students pay about $ 19,000. ASU students to layout ratio between 14 and 1 and most classes have less than 20 students.
The state of Alabama reacts
Quinton T. Ross Jr., President of Alabama State, responded to US news and world reports to the editor. Below is his statement.
Sensational journalism can attract attention, but let’s focus on the facts. Most people have a certain form of debt, both large and small, good or bad. The same goes for students across the country. Almost every higher education institution has graduates who experience debts to achieve their degrees. Student debt is a national problem, so why is Alabama State University with a different student debt in college campus? May be used to press social media. What is the story worth this story? Let me use it as a trained moment:
Alabama State University “leaves” students’ debts and no other university; Debt is due to federal or private loans that students are taking on education due to lack of personal resources. Like most of us when we need a car or home, but I avoided. It is inexpensive that our completion percentage increased by 3%, the rate of default of our student loan has decreased as our students return their loans. Our acceptance continues to grow and our level of maintenance remains strong.
It is difficult for us to understand why these positive changes are not the focus of the story. So, let’s look at the whole photo.
According to the College of Discition, Alabama State University remains one of the most accessible options in Alabama, and annual training is $ 8,328 the lowest among the 14-year-old four universities, according to the Alabama Commission Higher Education Commission. In fact, ASU science, taxes and housing costs are lower than the average of national colleges in the country (Board of the College, College Pricing Trends in 2024).
The report was misinterpreted by the local media not a measure of study level or education quality. Instead, it reflected the financial reality of the students we proudly serve. Many ASU students come from families with limited financial instruments of 72%, household income is less than $ 100,000 and 48% less than $ 60,000. Each year, more than 70% of ASU Bachelor’s Bachelor can receive PELL grants that help to compensate for scientific costs. However, students still have to pay for housing, food, books and other essentials, so many of them can take federal loans, as do students across the country.
The real story is not about debts, it’s about the possibility. Studies show that adults with a high degree earn significantly more than those who have no degrees (the Board of the College, Education pays 2023). ASU deeply believes in promising education to change life and uplifting families. The college should be accessible and accessible to all students, not just those who have all the financial instruments to pay.
Like Hbcu, the University of Alabama is always proud to serve students who are often overlooked or under -represented elsewhere. Our mission is to open the possibilities of opportunities, to move students from low socio -economic status, and to change the trajectory of family to generations and we will never apologize for this commitment.
In order to strengthen this mission, ASU has increased its fund and continues to grow it to provide more institutional scholarships and reduce the need for student loans. At national level, colleges with a larger fund, most of which are not HBCU, can offer more scholarships. Despite this difference, ASU is continuing to expand financial support for its students.
Our efficacy in management of student debts is reflected in the US Department of Education Department of three years of federal student loan cohortes. The default ASU rate has fallen, which is evidenced by our financial literacy programs and loan counseling efforts.
Our goal is to help students continue to gain degrees at Alabama State University. The likelihood of a meaningful career with a vibrant salary that allows them to successfully repay their debts and much more. Through ASU Career Services Bureau Students have access to career counseling, Résumé and interview preparation, internship opportunities, employers’ partnership and career fair to maintain their transition from college to career success.
We invite those who believe in the power of education and historically the mission of black colleges and universities to cooperate with the University of Alabama, growing our grants and expanding scholarships to continue making a college accessible, accessible and life -changing for every student who dreams of a better future.
– Quinton, President of Alabama, T. Ross Jr.
Jennifer Lindahl is the Deep South Connect Gannett/USA Today reporter. Join her at x @Jenn_lindahl and email. Email jlindahl@gannett.com.
This article initially appeared at Montgomery Advertiser: Alabama State University students face the biggest student loan debt