Oct. 9th, 2017

CSU grads saddled with less ed debt

Cleveland State University's class of 2016 had the second lowest average debt of any four-year public university in Ohio for its 2016 bachelor's degree graduating class, according to a report from The Institute for College Access & Success.

“Student Debt and the Class of 2016” reported that Cleveland State’s 2016 graduates had an average student debt of $25,504 at graduation. This average debt was 16 percent below the statewide average of $30,351.

Lee Furbeck, director of admissions and student transition at Cleveland State, said that this is one of the reasons why students choose the university.

The lower debt level is only one of the reasons students select Cleveland State, Furbeck said. She noted a recent ranking of Ohio’s four-year public universities by the Brookings Institution places the university in the top three in categories relating to mid-career earnings, occupational earning power and loan repayment rates.

“A highlight of the report is the CSU graduates have mid-career salaries that are more than $10,000 higher than predicted for demographically similar graduates from other universities,” Furbeck said. “We have had record-breaking freshman classes for the past three years despite a decrease in the number of high school seniors in the [North East] Ohio region.”

The university with the lowest average student debt in its 2016 bachelor's degree graduating class went to the University of Toledo with a debt average of $23,437.

Although Cleveland State's debt ranked second lowest in the state, Ohio as a whole was ranked 14th out of 50, 1 being highest and 50 lowest.


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