Penn State #3 in Student Debt Ranking
We all know college is expensive, but just how expensive is Penn State? According to a Gawker article highlighting a study by the Education Department, Penn State ranks third in student debt for non-profit schools.
Penn State is certainly not the only public school (as may be expected from its status as most costly public university) or even the only Big Ten school. Ohio State, Michigan State, Minnesota, and Purdue all made the list along with state schools in Arizona, Texas, and New Jersey.
The logical assumption here is that big schools have more students, which means they have more student debt–not necessarily that they have poor student aid or a lack of scholarships. Still, in this economy and job market, it’s something for next year’s freshman to think about.