The Wall Street Journal's Melissa Korn reported on a new analysis of student debt from the Institute for College Access and Success:
In addition to state-level differences, debt loads and the prevalence of student loans vary widely by school. Nearly 200 institutions that reported usable data had graduates with average debt of more than $35,000, and 26 schools reported that at least nine in 10 graduates had loans. Ninety-four percent of 2016 graduates from Cabrini University in Pennsylvania had loans, with average borrowing of $43,437. Nearly one-third of borrowers had private loans. Meanwhile at Bryn Mawr College, 4 miles away, 52 percent of 2016 graduates had debt, averaging $23,081. One percent had private loans. A Bryn Mawr spokesman said the school has made access for students across the socioeconomic spectrum a priority. “We meet the full demonstrated financial need of all our students, so fewer of them borrow, and those that do, borrow less,” he said.
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Learn more about financial aid available to Bryn Mawr students.