In 2016, the average undergraduate student left college with an estimated $37,172 in loan debt, according to Forbes. Second only to mortgage borrowers, there were over 44 million students racking up a total of $1.28 trillion in loan debt. This means that a college graduate would have to pay at least $351 a month over the course of 10 years to pay off their student loans.
Compared to other schools, Rowan University is relatively affordable, costing in-state students $25,056 in yearly tuition fees. However, most students are not able to pay for tuition out of pocket and are forced to take out student loans. Here is what nine current Rowan students had to say about their debt and the future going forward.
Special thanks to the students in this video:
Casey Bisnouthsing, 18
Donovan Francois, 18
Melinda Ballard, 21
Hailee Perez, 20
Amanda Isabella, 19
Kayla Vitulano, 19
Sophomore, Elementary Education
Dan DeMonte, 21
Carlo Lingesso, 20
Junior, Communication/Writing Arts
Shekh Islam, 19