Sure, it’s hard to find a job these days — but it all evens out, because now you get out of school with more debt!

Yesterday, The Roanoke Times reported that sixty-three percent of the 2008 Longwood graduates finished in debt an average of $14, 935 each.  Out of the fifteen public institutions in the state, this is third worst: Radford and Old Dominion were first and second, respectively.

The article includes the full report, which was conducted by Matt Reed of Institute for College Access and Success.  According to the arcticle:

The report is one of many tools parents and students can use to decide on the best school for them, said Matt Reed, author of the report and program director for the institute.

Reed said the report demonstrates that families and students should look at more than the sticker price of tuition and compare financial aid packages and the estimated total cost of attendance including housing, all of which can vary widely from school to school.

Yeah.  And as we’ve already learned, Longwood is already on the verge of overpricing itself out of its market of small public schools.  Thus, further raising tuition rates will be detrimental both to potential students and to current students who must bear more debt in a dismal job climate.

Have a great weekend!

This entry was posted on Friday, December 4th, 2009 at 3:43 pm and is filed under Money, Professors. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.