when colleges say tht average student is in debt abt 25000 at the time of graduation do they include plus loan
Asked by MAKFavorite Answer
Answered by Patti C
Honestly, those quotes are usually on the optomistic side. They tend to only have loans issued / funds received through their financial aid office - not private student loans (from bank to you without the bursar's office) and NEVER credit card debt incurred. These are averages. If one student's parents paid for college outright, then someone else graduated with $50,000 in reported debt. Remember, your financial situation will be unique, so figure out if you can afford that college based on YOUR individual situation, not averages on websites.
Honestly, those quotes are usually on the optomistic side. They tend to only have loans issued / funds received through their financial aid office - not private student loans (from bank to you without the bursar's office) and NEVER credit card debt incurred. These are averages. If one student's parents paid for college outright, then someone else graduated with $50,000 in reported debt. Remember, your financial situation will be unique, so figure out if you can afford that college based on YOUR individual situation, not averages on websites.
