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
One Public College Really Racks Up Grad-Student Debt
Graduating into debt?   (Shutterstock)

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.

USA Today notes that Rutgers is among the pricier public schools in the nation, and 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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