A tipster sent in data from a recent Wall Street Journal article about how graduates of arts-focused schools tend to rack up more debt. Here are the numbers for Columbia undergraduates:
Columbia University in the City of New York
Average price: $19,073
Graduation rate: 93%
Default rate: 3%
Average student loan at time of repayment: $12,500
Debt at Columbia is a bit of a perplexing topic, considering that the Financial Aid Department’s website states that “Students are expected to borrow $0 to attend Columbia.” Bwog’s sister/parent/long-lost-evil-twin publication, the Blue & White Magazine, is running a three-part installment on student debt at Columbia, the first of which is about Columbia’s no-loan policy. The second installment will focus on debt for international undergrads and can be found in the February issue, on campus next week.
I-think-that’s-William-Pitt via Wikimedia