Student Loans

Higher Education
3:00 am
Mon December 30, 2013

PA Ranks High On Student Debt Scale

With annual tuition ranging from $12,000 a year for a four-year public college to as much as $45,000 for a private college, more Pennsylvania students are leaving with more than a diploma — rising debt.

The cost of a four-year public college education in Pennsylvania costs a little more than $12,000, but some students are facing more than $36,000 in debt at graduation.

The state now ranks fourth in the percentage of college graduates with loan debt and third in the average amount of debt per student, according to a survey by the Institute for College Access and Success.

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Education
1:42 pm
Tue August 13, 2013

State Senator Proposes Zero Percent Student Loans

Much of the attention this summer on student loans focused on whether Congress would prevent a doubling of the 3.4 percent federal loan rate. 

That rate officially did hit 6.8 percent when lawmakers missed the July 1 deadline. But after much debate President Obama last Friday signed compromise legislation.

This fall, students will be borrowing at a rate of 3.9 percent, but the legislation ties the rates to financial markets. So, if the economy improves, the rate for the government to borrow money will go up and that will be passed onto students.

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Essential Pittsburgh
9:00 pm
Fri March 22, 2013

The High Cost of Higher Education

How can an early understanding of personal finance change the face of student debt?
Credit Katz School of Business / University of Pittsburgh

  Student loans are now second to mortgages when it comes to personal debt.  The average PA college student amasses $27,500 worth of debt. As college acceptance letters come in the mail, what do students need to consider when planning for their financial future? University of Pittsburgh Business Professor Jay Sukits joins us to talk about student financial planning and debt.