One Public College Really Racks Up Grad-Student Debt

That would be New Jersey's well-regarded Rutgers University
By Jenn Gidman,  Newser Staff
Posted Jul 21, 2015 10:41 AM CDT

(Newser) – Just one public university made it on the list of the top 20 US colleges receiving the most graduate-student loan money—an elite group that received 20%, or $6.5 billion, of the total amount of funds loaned to graduate students in the 2013-2014 academic year, the Washington Post reports. According to a study from the Center for American Progress, New Jersey's Rutgers University—No. 26 on this year's US News & World Report list of top public colleges in the nation—squeaked in at No. 19, holding its own with NYU, Columbia, and 17 other private schools.

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USA Today notes that Rutgers is among the pricier public schools in the nation, and NJ.com notes that it just hiked tuition about 2.3% for both undergrad and grads for the upcoming academic year. Students aren't surprised: "A lot of my friends' parents who live in New Jersey make a decent salary," an out-of-state grad student at Rutgers tells USA Today. "[But it's] not enough to fund college completely and also not enough for these students to receive wage-based grants from the federal government." (Check out the 19 private schools that make the loan-heavy list at the Washington Post.)

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