reuters: Graduates of top public universities often carry more debt than peers at Ivy League schools
The student debt load of many top private university graduates is lower that the debt load of their peer graduates at top public universities, according to a recent Reuters report.
The report tallied the average debt load at the University of Michigan as about $27,000. Conversely, the average debt load at Princeton University is roughly $5,000, at Yale University is roughly $9,000 and at Harvard University is roughly $11,000.
Forty-four percent of U-M and University of California at Los Angeles students take out loans to attend, whereas less than 30 percent of Harvard, Yale and Princeton students acquire loans, according to the Reuters report.
"Thanks to generous financial aid policies and large endowments, students may find that an Ivy League degree, for example, often requires less borrowing than a degree from many much less expensive state schools," the report states.
Read the full Reuters report here.